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I had to get a car with first bonus but now worried as I have not declared it
Posted: Fri Apr 28, 2017 10:07 pm
by chase
I have been in my IVA since mid 2013. In October that year i was made redundant a few months later but Payplan (with whom the IVA is through) allowed me to extend the IVA to 6 years (I only missed one payment.) meaning I will finish the IVA mid 2019. I received my first bonus this year (end of March) but I had to get a car as the company I work for are probably going to relocate & it will be further to travel. I am now worried as I have not declared this to Payplan yet as I have not had my P60
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Sat Apr 29, 2017 8:08 am
by kallis3
HI,
You need to speak to Payplan immediately as they will be wanting some of this bonus. It could potentially mean a breach of your IVA.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Sat Apr 29, 2017 8:35 am
by Foggy
It would have been better to explain the circumstances and seek their approval first, but, you are going to have to come clean now. They will want their share of this bonus and failure to co-operate could see the IVA being failed.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Sat Apr 29, 2017 6:35 pm
by luluj
What is done is done but as others say you need to explain to your IP now so the impact can be assessed and a way forward hopefully agreed in a positive way.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 9:21 am
by chase
Thank you for all of your comments - they are greatly appreciated. I'm a total idiot & should have told them prior to getting the car, and now risk ruining my IVA which is totally my own fault. I will let you know how i get on - wish me luck!
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 9:47 am
by Foggy
Best of Luck, Chase. Fingers crossed for you.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 11:11 am
by kallis3
Have you spoken to them yet?
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 1:08 pm
by chase
I haven't contacted them yet - I will do it once I have finished work. I'm still waiting for my P60 as I havent received it yet, but will forward my wage slips etc.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 1:15 pm
by kallis3
Personally, I would still speak to them about it now.
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 1:25 pm
by chase
Foggy wrote:Best of Luck, Chase. Fingers crossed for you.
Thank you Foggy - I'm real worried & dreading contacting them
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Tue May 02, 2017 1:25 pm
by chase
kallis3 wrote:Personally, I would still speak to them about it now.
I will contact them in the next few minutes - I'm absolutely dreading it
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Mon May 08, 2017 2:15 pm
by Lisa Thomas
How did you get on?
Re: I had to get a car with first bonus but now worried as I have not declared it
Posted: Mon May 08, 2017 2:38 pm
by kallis3
Hope it went ok. Let us know.