Windfall query

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orange
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by orange » Fri Jan 29, 2010 2:42 pm
im no way in reciept of a windfall....was just interested in lite of husbands situation and what would have happened had things been different x

 

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Michael Peoples
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by Michael Peoples » Fri Jan 29, 2010 3:09 pm
Don't worry Orange. You did say it was only a general query and I do not for one second think you are being dishonest. Sorry if I came across differently but I was only trying to explain the severity of non disclosure to the IP.

 

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Shining
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by Shining » Fri Jan 29, 2010 3:18 pm
I'm glad I wasn't the only one who learnt from Melanie's post, another reason why it's so important for the professionals who do a fabulous job to keep posting.

 

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Fox84
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by Fox84 » Fri Jan 29, 2010 6:38 pm
So if you receive a windfall of £501 you hand it all over but if the windfall were £499 you keep it? is this correct or am I missing something here?

 

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Shining
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by Shining » Fri Jan 29, 2010 7:06 pm
That is how I am understanding it Fox x

 

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Skippy
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by Skippy » Fri Jan 29, 2010 7:06 pm
That's the way I understand it Fox - it seems quite harsh really.

 

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Fox84
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by Fox84 » Fri Jan 29, 2010 9:05 pm
Fair enough I suppose! guess there has to be a cut off point somewhere[:(]

 

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MelanieGiles
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by MelanieGiles » Sat Jan 30, 2010 12:48 am
That is about the height of it.

 

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danny4
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by danny4 » Sat Jan 30, 2010 1:24 am
are work bonuses considered to be a windfall or is it treated the same as things like overtime where you have to give 50%.

 

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MelanieGiles
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by MelanieGiles » Sat Jan 30, 2010 11:35 am
It depends upon the terms of your proposal Danny - but generally they are treated under the 50% rule. As you are a client of Michael's firm, he should be able to answer this for you specifically.

 

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Max
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by Max » Sat Jan 30, 2010 11:42 am
If anyone wants a laugh re pay increases - I have just been notified of an enormous (!!) increase - £3:62 per month - will take me a few thousand years to get rich on that!!!!!!!!!!!!!!

 

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kallis3
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by kallis3 » Sat Jan 30, 2010 11:53 am
It will buy a couple of extra tickets for the Euromillions!

 

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Max
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by Max » Sat Jan 30, 2010 12:02 pm
Too true!!!!!!!!!!!!1

 

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kallis3
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by kallis3 » Sat Jan 30, 2010 12:07 pm
£85 million on Friday![:D]

 

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Max
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by Max » Sat Jan 30, 2010 12:10 pm
I know - one of us has got to win it!!!!!!!!!!!!!!!!!!!!!!!!!!
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