Four weekly pay

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Francesca

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Post by Francesca » Thu Oct 03, 2019 10:09 am
Hi. Any chance someone knows how that works if someone gets pay four weekly and it comes to 13 not 12 pays a year? My husband got different amounts paid each month so what we would do is to add all and divide by 12 months but then it comes to amount over hundred more then he gets paid a month. If that makes sense, maybe someone was in similar situation? We are with Creditfix, finishing year 3. Thank you

Foggy

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Post by Foggy » Thu Oct 03, 2019 10:23 am
I have seen instances where they do it the way you have, which needs careful budgetting to allow the "fat" months to subsidise the "thin". I have also seen arrangements where they take 13 smaller payments on a 4 weekly basis, which would be easier for all concerned.
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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Francesca

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Joined: Thu Dec 15, 2016 6:31 pm

Post by Francesca » Thu Oct 03, 2019 10:36 am
Thank you Foggy. And now something I fear, what could possible happen if that 13th wage wasn’t somehow included in last year review?

Foggy

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Post by Foggy » Thu Oct 03, 2019 1:41 pm
Thu Oct 03, 2019 10:36 amFrancesca wrote:
Thank you Foggy. And now something I fear, what could possible happen if that 13th wage wasn’t somehow included in last year review?
That is a difficult question to answer. It will depend on why the 13th wage was missed and how CF are already treating the 4 weekly pay cycle. As long as you declared all the years income it should be OK --- they might need you to pay in some more .... they might not even notice!
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
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