Annual bonus

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1

Francesca

Posts: 75
Joined: Thu Dec 15, 2016 6:31 pm

Post by Francesca » Tue Apr 16, 2019 5:42 pm
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??

Francesca

Posts: 75
Joined: Thu Dec 15, 2016 6:31 pm

Post by Francesca » Tue Apr 16, 2019 5:42 pm
Thank you

Foggy

User avatar
Forum Expert
Posts: 28338
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Apr 16, 2019 5:53 pm
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

Francesca

Posts: 75
Joined: Thu Dec 15, 2016 6:31 pm

Post by Francesca » Tue Apr 16, 2019 6:35 pm
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.

luluj

User avatar
Forum Expert
Posts: 10420
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Tue Apr 16, 2019 10:23 pm
Let your IP calculate it for you... come what may you will still benefit and think of a little treat for yourself as you deserve it !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”