Hi I have just had my iva accepted so I'm new to all this so sorry if this question seems stupid.as my pays are never the same due to hours going up and down each month I need to keep a clear picture of my income over the year to make sure it's in the guidelines of the income/expenditure report of if I go over the 10% I have to ring my IP.is my income on my income/expenditure form my pay before or after tax?
It is pay after tax ... what actually hits your pocket. If you are in any doubt ask your IP if you can scan over your payslip every month and get them to tell you if you owe any extra --- but still check yourself !!
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
At the beginning I was told to send the previous six months wage slips and they worked out the average. My monthly salary is never the same, in my case the average was £855, and was told I could earn £940 a month before having to declare extra.
Some months vary dramatically but I always call them when I earn more