Starting a new job

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Broke of London

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Post by Broke of London » Fri Sep 17, 2010 11:45 pm
Hi all, I have two weeks annual leave to take as part of my notice period. If I start my new job while on annual leave and effectively draw two salaries for a week, how will this be treated? I wouldn't have thought it was classed as a windfall but neither is it a bonus or overtime so the 10:50:50 wouldn't apply either. Would I be able to keep the extra money? Would it be classed as a second job? Very confused!!! If anyone has been in this situation or one of the experts could help it would be great. I'll speak to my ip on Monday but want some precedent in case I need to argue my case! Ta x
 
 

MelanieGiles

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Post by MelanieGiles » Fri Sep 17, 2010 11:48 pm
I would say that all extra earnings would technically need to be paid into the IVA. Is this likely or just hypothetical?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Julie

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Post by Julie » Fri Sep 17, 2010 11:53 pm
If you start a new job whilst still employed, you would have to declare this on a P46, is it really worth it??
 
 

Broke of London

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Post by Broke of London » Sat Sep 18, 2010 12:05 am
This is real life. I have a new job and two weeks a/l to take as part of my notice. I am due to start after the notice/annual leave ends. Thought I might bring the start date forward and earn a bit extra. If I can't keep the cash I'll use the leave time to relax and gear up! Shame as now both the creditors and I lose out on a bit extra...50:50 seems fairer.
 
 

Broke of London

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Post by Broke of London » Sat Sep 18, 2010 12:27 am
Hi Julie. I'm stumped...what's a P46? If it has anything to do with me completing any tax paperwork it is most defo not worth the trouble!! Would have been nearly 500 tho and I need a new car so it meant I could have taken a shorter payment break to pay for it. Cest la vie!
 
 

Shining

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Post by Shining » Sat Sep 18, 2010 6:51 am
P46 is the form if you've not got a P45, I'm sure Julie will correct me if I'm wrong? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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