IVA and pension contribution

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alex1982

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Post by alex1982 » Fri Apr 03, 2020 10:17 pm
Hello. I have a question about pension contribution. I'm with Nest and contributing 5% which taken automatically by my employer and it's on my payslips. However during my annual review IVA practitioner didn't exclude this contribution from the income. Is it correct practice or I can argue about this? Thank you.

Marty171

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Post by Marty171 » Sat Apr 04, 2020 1:22 am
i was with vanguard and my pension of 5.45% i paid via my employer pension scheme was excluded.

they just used my bottom line figure to calculate my payments
IVA Started 07/07/2017
F & F Accepted 06/09/2019
Completion Certificate 16/12/2019

Foggy

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Post by Foggy » Sat Apr 04, 2020 8:28 am
I was with Tenon, then Grant Thornton, before they became Aperture and my compulsory pension contributions were excluded from income.
If they have included it in income -- have they not made a counter balancing entry in expenditure ?
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

alex1982

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Joined: Fri Apr 03, 2020 10:03 pm

Post by alex1982 » Sat Apr 04, 2020 12:40 pm
Sat Apr 04, 2020 8:28 amFoggy wrote:
I was with Tenon, then Grant Thornton, before they became Aperture and my compulsory pension contributions were excluded from income.
If they have included it in income -- have they not made a counter balancing entry in expenditure ?
No they didn't include it in expenditure either. When I sent them my review of income and expenditure I put my wages after all taxes and pension contribution, but they change it.

Foggy

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Post by Foggy » Sat Apr 04, 2020 1:17 pm
Have you discussed this with them ?
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

alex1982

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Joined: Fri Apr 03, 2020 10:03 pm

Post by alex1982 » Sat Apr 04, 2020 1:30 pm
Sat Apr 04, 2020 1:17 pmFoggy wrote:
Have you discussed this with them ?
Not yet. I decided to ask online before reaching them.

Radish

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Post by Radish » Sun Apr 05, 2020 11:53 am
I was with DFD and the only question I was asked was weather I was paying additional voluntary payments on my pension, as it was 6% (I think) and was told they may want me to stop this and pay it into the pot, as it happened I was paying the bog-standard with no extra
IVA complete March 2014 after 6 years.

alex1982

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Joined: Fri Apr 03, 2020 10:03 pm

Post by alex1982 » Sun Apr 05, 2020 2:40 pm
Sun Apr 05, 2020 11:53 amRadish wrote:
I was with DFD and the only question I was asked was weather I was paying additional voluntary payments on my pension, as it was 6% (I think) and was told they may want me to stop this and pay it into the pot, as it happened I was paying the bog-standard with no extra
I'm agree it's fair to not include additional payments on pension, but I'm not paying any extras, only 4% and I expect it to be excluded. I'm gonna get back to them will see if this is mistake.
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