I am in my first year of an IVA, I am expecting an annual bonus in January, I believe I have to pay 50% of this in to my IVA.
My question is; do I just increase my monthly standing order for one month to include 50% of my bonus, or do I have to first agree the amount to be paid with my IP and he tells me how much to pay.
This is a one off payment each year to compensate for extra and unsocial hours worked.
I am right in assuming I can keep half, aren't I [?][?][?][?][?]
IVA COMPLETED ON THE 17th MARCH, FINAL I&E COMPLETED 26th APRIL, COMPLETION CERTIFICATE ARRIVED 2nd AUGUST
hi there do you get anyother bonus overtime etc etc apart from that annual bonus the best thing i would do is to right a cheque out for half of the amount of the annual bonus and send it to your ip how much more of these annual bonuses will you get in the next 4 years if you get them you will have to hand half of that over to your ip each year
Hi I ring my company and tell them and they tell me how much. I always check it before ringing. They take an extra dd for the amount but i would think if you have a cheque they will take that or just alter your payment for the month.
When I was in my IVA I was told I couldn't do that - I had to send my payslip in and wait until my case manager confirmed how much I would need to pay. As I am perfectly capable of working out 50% of a bonus that seemed like a waste of their time to me!
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