I was made bankrupt in June.

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Banquo21

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Post by Banquo21 » Sat Oct 17, 2015 12:58 pm
I was made bankrupt in June. I spoke to my OR and it was agreed that my IPA would be NT Tax Code only. I have only just received my change of tax code letter and it says I will be on an NT Tax Code for the tax year April 15 to April 16. It says in my next wage I should get a rebate. I have been sending my wage slips to Clarke Willmott to prove I hadn't moved onto the new tax code yet. Do I pay Clarke Willmott the rebate?

Also the OR said due to my change of circumstances in September (we had a baby) she would send out a new Income and Expenditure form. This is fine but they are asking for my wife's payslips now. This never happened on the original I and E form and I just put what she contributed to the household. As it is my wife's pay has not been altered yet for her maternity pay this kicks in this month so past wage slips show her on her full wage. Which the OR doesn't know anyway.
 
 

Shining

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Post by Shining » Sun Oct 18, 2015 7:44 am
Hi, sorry to see this hasn't been answered yet and I'm sorry I'm not going to be much help with your question but I will bump it up.

My suggestion would be to explain all this to your OR especially about the wage of your wife and the payslips.

Also they should be able to tell you about the refund. But hang in I'm sure somebody here may know too.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Oct 19, 2015 10:28 am
Hi - I thought the NT code only lasts for 6 months but perhaps I am mistaken and someone else will put me in my place! Yes Clark Willmott should ask for for the rebate if it gets sent to you. They should also ask HMRC for it at the same time to make sure both bases are covered. If you don't provide evidence of your wife's income they will just presume you pay 50:50 of the expenditure. On the assumption her money will reduce when she starts maternity and your share of expenditure increases it will be in your interests to prove this otherwise it might look like you have more disposable income that you really have, which may give you a surplus available to pay contributions into your BKY pot.
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
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