Paying back overtime in an iva

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Mrs_Brown

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Post by Mrs_Brown » Fri Mar 16, 2018 8:38 am
Foggy wrote:
The 10% refers to 10% of the normal take home pay ... i.e you are allowed to earn an extra 10% above usual income before having to share any .... so it is not 10% of the overtime amount, but 10% of normal pay.
Ahh yes, that makes sense! I knew that from what I have read, but my brain really is mush at the moment. Week's annual leave and Sunday night I started with a heavy cold... Still suppose its better than trying not to take sick days or go to work feeling lousy.

Foggy

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Post by Foggy » Fri Mar 16, 2018 9:28 am
Mrs_Brown wrote:
Foggy wrote:
The 10% refers to 10% of the normal take home pay ... i.e you are allowed to earn an extra 10% above usual income before having to share any .... so it is not 10% of the overtime amount, but 10% of normal pay.
Ahh yes, that makes sense! I knew that from what I have read, but my brain really is mush at the moment. Week's annual leave and Sunday night I started with a heavy cold... Still suppose its better than trying not to take sick days or go to work feeling lousy.
Hope you feel better soon ... I have just recovered (or am still recovering) from a coupe of weeks worth of whatever "lurgy" I was enjoying! Parenting while all I wanted to do was die and school runs with a bucket in the car was definitely not fun !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

Lisa Thomas

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Post by Lisa Thomas » Tue Mar 20, 2018 9:52 am
Did they give you a breakdown of how they have arrived at the figure of £17k?

If not, ask for it in writing.

If so do you agree the figures?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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