Moving Abroad

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jawad

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Joined: Mon Oct 07, 2019 6:39 am

Post by jawad » Thu Jun 10, 2021 3:27 pm
Hi,

My Company will be moving their operation out of the UK next year, and the have offered to take the emloyees with them,
How will this effect my IVA , (like calculating expenditures and income , annual reviews..etc) also they will be offering a rellocation allowance, will it be required to pay into the IVA or will I be able to keep it.

Thank you

Foggy

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Location: United Kingdom

Post by Foggy » Thu Jun 10, 2021 3:37 pm
Paying the IVA from abroad is often done --- just keep an eye on conversion rates for your payments !

With regards to the relocation allowance, you would need to discuss this in advance with your IP. I would hope that it can be kept and used for it's intended purpose.
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

jawad

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Posts: 9
Joined: Mon Oct 07, 2019 6:39 am

Post by jawad » Thu Jun 10, 2021 3:39 pm
Thank you for your quick responce Foggy.
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