What do I do about earning more while in an IVA

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

tia

User avatar
Posts: 8
Joined: Sat Apr 14, 2018 6:51 pm

Post by tia » Wed May 23, 2018 4:12 pm
I have just received my first payslip since my iva got agreed I'm eating 23 pound over the 10% and have told them about it but they want me to send them a payslip so they can review my payments..


What do I do?

Foggy

User avatar
Forum Expert
Posts: 28964
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed May 23, 2018 4:23 pm
Send them the payslip and they should then ask you for £11.50, assuming you have the usual clauses, if this excess is due to overtime or a bonus payment.
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

MerlinL14

User avatar
Posts: 1626
Joined: Sun Oct 30, 2011 2:44 pm
Location:

Post by MerlinL14 » Wed May 23, 2018 5:53 pm
Send them the payslip, unless the 'over payment' is bonus or overtime, like Foggy says they will ask for £11.50. If it is an amount that is going to be paid going forward then I can't see them making an adjustment to your payments on the back of 1 payslip.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues

Lisa Thomas

User avatar
Industry Expert
Posts: 7397
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu May 24, 2018 8:59 am
cooperate and send them the payslip. Don't spend the money in case you have to pay some/all of it over.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”