Payplan annual review

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by rhythmb » Mon Jan 21, 2019 10:12 pm
I work part-time and most months I do extra hours with means my income can vary quite wildly. When my iva was set up my income was based on the average of the previous six months, and it worked out at £855.

When my review takes place, will they recalculate my monthly average income again? For example, my January wage this month was £1280 after tax, but my wage in December was £930.
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by Foggy » Tue Jan 22, 2019 7:53 am
If they set up the arrangement on an average, they should use the same method in the review -- but you will need to keep an eye on them and challenge where you think they are straying.
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by MerlinL14 » Tue Jan 22, 2019 2:21 pm
Total agree with Foggy, keep a keen eye on any increase that it put to you. Dig out your proposal now and take time to look it over again, just so you are firm in your understanding of ,average income' isn't misinterpreted by them.
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