Increase in income and expenses

4 posts Page 1 of 1
 
 

cr15py

User avatar
Posts: 530
Joined: Mon May 21, 2007 9:43 am
Location:

Post by cr15py » Wed Feb 06, 2008 4:33 pm
I have my annual appraisal on Friday, and within that will be my payrise. Last year, it was only an inflationary payrise of £31pm. If it is similar this year, then do I need to advise my IP? It could happen that my boss is feeling particularly generous and gives me a bit more (fingers crossed!) - what happens there?

My rent is going up by £25pm from 01/08/08 as I was advised when I got my new tenancy agreement this week. What with the increases in council tax due in April (say £5pm), light and heat charges (15% I think I heard mentioned recently = £7pm), and everything else that undoubtably will also go up, I would actually probably be worse off.

I assume that the increase in expenses will be offset against the income, and any deficit I will have to deal with personally? Any surplus I would have to pay over?

Just trying to get things straight in my head! [8D]
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
16 down, 44 to go!!
 
 

aguise

User avatar
Posts: 3907
Joined: Tue Jan 23, 2007 11:24 am
Location: United Kingdom

Post by aguise » Wed Feb 06, 2008 4:44 pm
Hi there.
I would tell them to be safe but they should offset your increases in expenditure so send proof of that as well and I would think with all the rises in expenditure one should near enouigh cancel the other out.
Good luck on Fri

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
 
 

cr15py

User avatar
Posts: 530
Joined: Mon May 21, 2007 9:43 am
Location:

Post by cr15py » Wed Feb 06, 2008 4:52 pm
Thanks Ang. I'm sure it will be fine - it's basically just a sit down over a cup of coffee and a bit of a natter about what courses I fancy doing, any aspects of my job I particularly like or dislike, blah, blah, blah. Oh yes, then it gets exciting when payrise time comes!!! LOL!! [:)]
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
16 down, 44 to go!!
 
 

aguise

User avatar
Posts: 3907
Joined: Tue Jan 23, 2007 11:24 am
Location: United Kingdom

Post by aguise » Wed Feb 06, 2008 4:56 pm
I have the same in the nhs but I dont get the nice bit at the end, I just get the blah blah blah bit. lol

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
4 posts Page 1 of 1
Return to “IVA expenditure allowances”