I now have a 2nd job

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Sherry

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Post by Sherry » Fri Sep 17, 2010 1:58 pm
I rang my IP today to say that I now have a 2nd job and how much would my payments increase to. They said that my payments will not increase until my next review in July 2011! is this right? I don't want to have to cough up a lump sum next year?
 
 

kallis3

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Post by kallis3 » Fri Sep 17, 2010 2:01 pm
Get them to put it in writing, but it sounds ok depending upon who your IP is.

You could always put the second income aside just in case.
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Goosed

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Post by Goosed » Fri Sep 17, 2010 2:33 pm
Hi Sherry,
I asked my case administrator if the income from a part time job, if I took one, would be treated the same as overtime or bonus payments from regular employment. I was advised that it would not be regulated by the 10/50/50 rule, but would instead be classed as excess income and all have to be handed over to the IVA. Whether this is standard or just a clause in my agreement, I don`t know.
Last edited by Goosed on Fri Sep 17, 2010 2:36 pm, edited 1 time in total.
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Sherry

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Post by Sherry » Fri Sep 17, 2010 4:10 pm
Thanks for your replies. I have since had a reply from Payplan and they have confirmed in writing that I do not have to pay any extra until next year! Next year it will be the 50/50 rule. Great news me thinks!!
 
 

kallis3

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Post by kallis3 » Fri Sep 17, 2010 4:20 pm
Excellent!
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
 
 

Lisa2009

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Post by Lisa2009 » Fri Sep 17, 2010 6:08 pm
Brilliant!!
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