IVA redundancy part time job

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Linka17

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Joined: Thu Jun 17, 2021 8:16 am

Post by Linka17 » Thu Jul 01, 2021 10:53 am
I'll be make redundant soon. If I will get part time job will creditfix still take my redundancy money?

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jul 01, 2021 11:19 am
Usually you get to keep up to 6 months take home salary from redundancy money to live on and make IVA payments as usual while you are looking for work. If you get a new job before the 6 months is used up you are expected to pay back to the IVA whatever is left of the redundancy money you were allowed to keep, although I am sure that some IP's do not bother.
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
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