How does it work if I get paid 13 times a year ?

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steph.3

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Post by steph.3 » Fri Jun 17, 2011 4:27 pm
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I have changed jobs and previously had a fully expensed car. I don't now and have to pay personal miles. I also vet paid 13 times a year how Will this be dealt with.
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Goosed

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Post by Goosed » Fri Jun 17, 2011 4:33 pm
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Hi steph.3,
I get paid weekly and some months are five weekers, so my wage is worked out to a monthly average for IVA purposes, I guess the same might apply in your circumstance.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

Eric Cantona
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plasticdaft

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Post by plasticdaft » Fri Jun 17, 2011 4:33 pm
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Are you in an IVA? It wont be difficult to sort out being paid 13 times a year.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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carole2662

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Post by carole2662 » Fri Jun 17, 2011 4:36 pm
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Hubby gets paid 26 times a year but IVA just took yearly pay and divided by 12 to get monthly pay.
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kallis3

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Post by kallis3 » Fri Jun 17, 2011 4:40 pm
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If you're in an IVA then your IP will sort this out, otherwise discuss it with a potential IP. It won't be a problem.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Fri Jun 17, 2011 9:40 pm
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I have clients who are paid four weekly who choose to pay 13 IVA payments per year (at a lower rate) rather than 12 monthly ones. This can help with cashflow and is worth thinking about.
Regards, Melanie Giles, Insolvency Practitioner
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