i currently earn £1,901 a month and got told that "anything above 10% your normal take home pay is taken into consideration for uplift payment"
they told me i could only earn £2,013 but this is certianly not 10% of my salary
simon484 wrote:are they not supposed to review salary earning though even when its increased
Your regular basic salary is reviewed annually and the IVA payment increased accordingly after each review if there has been a pay rise. Overtime and bonus payments are dealt with, as and when, under different rules. All on the assumption that you have the usual clauses in this regard.
Normally a permanent pay rise (although you need to tell your IP right away) isn't actually dealt with until the review following the rise. This means that the whole increase is yours until the review, after which 50% of it is added to your regular IVA payment. Some IP's write the clauses differently, some apply them incorrectly and some just try it on --- which is why you should know your IVA inside out, so you can challenge them when they stray.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk