www.iva.co.uk

Hi there,

How are contributions calculated for a nurse whose salary fluctautes on a monthly basis due to shift work and receiving extra for night shifts and weekends? I was previously with Debt Matters who just looked at my basic salary and worked out my contribution based on that. Are Grant Thornton likely to do the same now I have been switched or could my contributions fluctaute on a monthly basis with my salary?

Many thanks

DM

I can't see them asking for variable amounts every month - it wouldn't be practical, never mind cost effective.

What they MAY do is look at your P60 when you have your annual review and ask you for an additional amount. It may well be worth putting some of the overtime in a separate account for this.

I am not sure how it works with shifts though.

I've been moved to GT from DM as well and wait to hear what the next step will be as my annual review is due shortly but with the amendments they are proposing, they may well be delayed.

Your salary should be worked out on a similar basis to that which was used for the IVA in the first place. Most IPs work on the basis of basic wages or an average over the last 13 weeks - if you earn regular overtime.