Question about the 10% 50/50 rule

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jawad

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Post by jawad » Thu Jan 28, 2021 2:18 pm
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Hi I wanted to ask about the 10% 50/50 rule,
If I receive over time that takes me above the agreed 10% and also in the same month I receive a Bonus.

Does the 10% rule apply to each of them individually or does it apply on both as a total?
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Foggy

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Post by Foggy » Thu Jan 28, 2021 3:37 pm
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I believe it will be calculated on total income for the month. So 10% above base pay allowed and then 50% of remaining OT plus Bonus paid over to IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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