uplift 10%

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

simon484

User avatar
Posts: 3
Joined: Sat Sep 22, 2018 5:30 am

Post by simon484 » Thu Dec 20, 2018 4:30 pm
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

£190 is 10% right ?

Foggy

User avatar
Forum Expert
Posts: 28726
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Dec 20, 2018 4:33 pm
10% of the agreed take home pay as detailed in your paperwork when the I&E was agreed ---- they should quote that figure.
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

simon484

User avatar
Posts: 3
Joined: Sat Sep 22, 2018 5:30 am

Post by simon484 » Fri Dec 21, 2018 8:33 am
are they not supposed to review salary earning though even when its increased

Foggy

User avatar
Forum Expert
Posts: 28726
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Dec 21, 2018 9:17 am
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
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”