www.iva.co.uk

Hi.
I understand the overtime and bonus clause in my IVA is 10% then 50/50 split.

I am paid 4 weekly but in i am due to receive my annual bonus in my next pay.

Normal 4 weekly pay is £2085 after tax,
I am due to receive £2600 in my next pay.

What calculations would be used to work out how much is due? It gets confusing with my monthly I&E being shown on a monthly figure rather than a 4 weekly.

Some IPs will work on annual figures for an annual bonus, some will divide it between normal salary payments whilst others will deal with it as a whole in one month --- confusing I know ! You will need to speak to your IP and ask them how they intend to treat it.