I would appreciate your honest opinions please - I was considering taking up a part time job to give us some extra money - now assuming after tax 50%-70% would be snaffled by the IVA - is it worth it? Putting in 4-5 hours at the weekend and ending up with £10-£15 just doesnt seem worth the bother.......
I guess cash-in-hand would be best albeit a bit dishonest - but no-one pays cash-in-hand anymore.
Am I right in thinking that I am not allowed to keep 100% of any disposible income over £100?
It would depend on the conditions in your IVA. You may be able to take a part time job if your total net income does not increase by more than 10% but your IP would have the full details and could advise further.
There are some people on here who have worked a second job and had the whole of their wages taken from them to pay across to the IVA.
Think long and hard before doing it as your health is also important.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yes, don't think its worth it. Think i'll take it easy instead. I already work 20 hours a week, think i'll leave it at that.
Blimey - I work 50 hours per week (only get paid for 37.5 but I am in Management) and still feel hard done by - hence the possible weekend job.....I am not mad on the idea as I am usually knackered anyway at the weekend, I was just wondering if it was really worth it after everyone has their slice...methinks unless its cash in hand, probably not....