Hi. I have just found out I will receive my annual bonus. I am pretty sure I am under 10% 50/50 rule. The problem is annual bonus comes together with 5 weeks pay. To which wage then that rule applies? Normal 4 weeks or this odd 5 weeks??
The amount to work from is that agreed by the IP as your normal monthly pay. This is the figure referred to in your last agreed I&E. Unless this "extra" week has already been factored in it will also be part of the extra income figure. Your IP might have a different view, so worth asking them directly.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
Thank you Foggy. Ah yes, as soon I've got my payslip I will send the pic to CS so they can sort it out for me. I was just wondering. Wage agreed in I&E is 4 weeks pay, just two or three times a year I am getting paid for 5 weeks and now its 5 weeks together with bonus.