Page 1 of 1

Posted: Tue Jan 22, 2008 5:32 pm
by Hovish
Hi,
My husband has just been given a rise due in his January pay it is 1036.00 per annum. We did not start our Iva until Nov 2007, so will not be due for annual review until then. Should we tell IP about rise or leave it until review.

Any Advice[:)]

Posted: Tue Jan 22, 2008 5:48 pm
by Skippy
I would speak to your IP to find out what they want you to do. I was told that if I had a pay rise I would have to pay 50% into my IVA until my annual review when they would reassess my payments.

It's best to ask though as you don't want to be hit with a bill at your review!

Let us know what your IP says.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

Posted: Tue Jan 22, 2008 6:07 pm
by james.c
Trust me from my own experience tell your ip then pay 50% of until your next review were your I and E will be reassed

no matter how bad money gets, theirs stll alot more important things in life - 48 payments to go