annual review

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clasher
Posts: 22
by clasher » Mon Nov 03, 2008 12:53 pm
my first payment was made in nov. 2007.i am 65 next year and have been told that my employment will finish in oct. 2009.i know this is a long time off but my query is what figure would i put down for income as i expect the i & e form will be sent to me in probrally september whilst i am still working.there will obviously be a vast different between the income while working and the income from when the new payments begin in november.

 

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David Mond
Posts: 4896
by David Mond » Mon Nov 03, 2008 1:08 pm
How long is your arrangement for?

Is it an IVA or DMP?

Did creditors know at outset that your employment would cease in Oct 2009?

Put down you income from one period to another and then from the next period and pro-rate it - that way it won't be overstated.

 

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clasher
Posts: 22
by clasher » Mon Nov 03, 2008 1:19 pm
i am in an iva. at the time of applying for the iva i was hoping to continue the work after the age of 65.i will still be able to keep up the present monthy amount of payments but just wanted to know which of the 2 figures i would need to put down on the i & e form

 

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David Mond
Posts: 4896
by David Mond » Mon Nov 03, 2008 1:39 pm
I hope that my previous answer helped.

Presumably you will have a pension when you retire and at that time maybe a variation to your arrangement can be proposed by your Supervisor if you cannot keep up the agreed contributions.

 

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MelanieGiles
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by MelanieGiles » Mon Nov 03, 2008 9:52 pm
Do you have any assets which would be captured under bankruptcy proceedings, Clasher?
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