Extra income after retiring

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wolvestone

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Post by wolvestone » Wed Jul 01, 2020 4:41 pm
Hi, I have recently taken out an IVA after officially retiring, my former company has asked me to fill in while a colleague is off for a period off five weeks, do I need to inform my IVA organisers? If so when at the beginning of the five weeks, at the end Or at the end of the financial year? Thanks.

Foggy

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Post by Foggy » Wed Jul 01, 2020 4:49 pm
You need to inform him when you get the extra income, so that their 'share' can be paid in at the end of each month you get the extra income.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Wed Jul 01, 2020 6:37 pm
drop them an email when you have received the money...same rules as prior to retiring ...declare your extra income and hopefully you will see at least 45% of it.
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