Saving overtime

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply

mumof3

Posts: 95
Joined: Thu Nov 30, 2017 2:35 pm
Post by mumof3 » Mon Mar 04, 2019 6:44 am
Quote
Just checking...... our half of overtime that we get to keep....we can save this up can’t we? I just don’t want to end up with an amount of money and we have to hand it over to the IVA.

Just trying to save for the future and/or any big emergencies!
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Mon Mar 04, 2019 7:48 am
Quote
Yes, you can save it -- although some IPs have, in the past, tried it on and asked for savings to be handed over. but have backed down when the source of the savings has been pointed out.

Indeed, there are several allowance categories you have to save for.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

mumof3

Posts: 95
Joined: Thu Nov 30, 2017 2:35 pm
Post by mumof3 » Wed Mar 06, 2019 5:49 pm
Quote
Thank you foggy!

Hopefully they won’t ever question it but obviously I would keep all pay slips just in case!
Top

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Thu Mar 07, 2019 5:51 am
Quote
We saved our half of overtime in a jar / envelope and used it towards emergencies or a week away camping ... it's your to do what you like with.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”