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david878
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by david878 » Wed Nov 08, 2017 5:56 am
Bit premature asking this but I will all the same.
I, hopefully make my last payment in April of 2019, I always get my bonus in May.
For all my payments have finished I'm highly unlikely to have my completion certificate by then so would I have to pay the 50% extra of my bonus as I would still technically be in IVA?
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Foggy
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by Foggy » Wed Nov 08, 2017 7:46 am
No -- after the last payment has been made all of your earned income is yours --- you are only liable for windfalls, inheritances, equity, should you sell the house and other unearned income until the certificate is issued. It would be prudent, in the fullness of time, to get written confirmation that the April payment will be your last.
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david878
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by david878 » Wed Nov 08, 2017 9:00 am
Yeah thanks I'll do that, this is all just so stressful, can't come soon enough
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Lisa Thomas
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by Lisa Thomas » Wed Nov 08, 2017 10:42 am
Do you own property? If so will the year extension possibly apply to you?
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david878
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by david878 » Wed Nov 08, 2017 10:55 am
I do but unlikely as we're in quite a bit of negative equity
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kallis3
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by kallis3 » Wed Nov 08, 2017 10:57 am
I think you may be ok.
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