When is income increase reviewed?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
garry894
Posts: 1
by garry894 » Tue Jan 23, 2018 4:32 am
when my income increases during the 5 year iva period as i expect,when does my supervisor review income/outgoings and demand i contribute a larger amount to my IVA?
User avatar
Foggy
Forum Expert
Posts: 26541
Contact
by Foggy » Tue Jan 23, 2018 7:55 am
If you have the usual clauses ( check your proposal) a permanent pay rise is taken into account at the review following the rise and any increase applied from the month after the review. However, you do need to inform the IP when the rise happens, as it will show on payslips and they might assume it is a bonus or overtime.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 21 guests