Monthly wage increase - hi In my iva agreement I am aloud to earn £2240 a month + 10% above is mine to keep = £222.
Anything above this it is split 50/50. Due to my job some months I have more shifts than others . This month I have earned £2560 , which would mean I can keep the £222 and split the remaining £80 50/50. But next month I will only be earning £2090 due to having time off work for a medical appointment meaning I will be £240 short than usual . My question is , should I declare the extra £80
For this month to split 50/50
Or can I keep it as I won’t be earning as much next month and will be short ?
In practice you benefit from the good months and have to suck it up for the bad ones, but the extra should still be accounted for monthly, unless otherwise agreed with your IP. Have a chat with him or her, they might play ball.
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