So would I,but if you were paying extra contributions and you had been for several years,then it would be worth your while contacting several IP,S until you found one that was prepaired to make a proposal to protect this.we have a popular member who had to do this regarding a similar issue regarding education,that tried about 9 or 10 IP,S would,nt accommodate the proposal,until they found Mel Giles which resulted in a positive result,so it is very important to set the the terms of your iva right for you at the outset regarding any special terms and conditions.
Last edited by MRBLUESKY on Tue Apr 05, 2011 11:19 pm, edited 1 time in total.
I pay 6.8% into my pension and it was never queried at all.
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
I was very lucky and didn't get any overtime/bonus clause at all.
When i moved jobs just over 2 years ago i was even allowed to put about £50 a month into my new pension as I had to have one under Czech law. Nobody even queried it.
Just goes to show how very individual it can all get
I never work overtime or get a bonus so that clause has never affected me.
Animaleyes - if you have to have one then they wouldn't have been able to query it anyway!
Can't believe how close you are to the end now!
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
I actually forgot to tell them and it was a year later that i realised. They didn't even notice the deductions on my payslip next to "Pension contribution" on my review lol.
In 5 days time i'm down to 7 payments left but it definitely seems that the weeks are going slower. 218 days until the end.
It's nice to see how far you are through with yours now, must be that the same amount of months have passed or something ) Wish i had a time machine!!
I'd like to think I only had two years to go but the extra 12 months will probably be happening.
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
I was allowed to maintain my pension contributions which were deducted at source and any future pension lump sums due were excluded from our arrangement. My husband was already in receipt of a pension from his previous employment so that was calculated as income.
Sorry, on the subject of overtime – ‘War and Peace coming up’!
I am not sure that this would be applicable to anyone now as we are in an older ‘pre-protocol’ IVA (keeping the present tense until we get the completion certificate!)
My husband’s proposal stated he was required to pay 50% of a set average, pcm. We were quite specific that there was actually no guaranteed regular overtime in his work contract so I don’t believe this should have happened. Hindsight is a wonderful thing and we should not have accepted this, however didn’t have the benefit of this forum then or the knowledge we have now. As luck would have it, sufficient overtime has been available over the past 5 years. In addition to this, he was also required to pay across 60% of any surplus left after the set amount had been paid, leaving him with the tiniest dividend. My husband has always said he never minded working the additional hours – at least he will have a choice in the matter now we are finished.
My own proposal just stated 60% of any overtime/ bonuses received – a total of zero as neither was available from my employer, only flexi or time in lieu.
Anyway we are where we are now, we coped and we were allowed to keep all of our pay increases except a small proportion of one promotion related pay rise, over all (in my opinion) this seemed quite generous. However I would advise people to very carefully research their options and use iva.com before committing. I sincerely hope that these days no one would be expected to pay a set overtime figure like my husband unless mandatory overtime was included in their employment contract.
I have the 10% plus 50/50 but fortunately I never work overtime (even bank holidays I now do for time off rather than money!).
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
Whatever you pay back over and above your normal monthly payment will go towards a greater dividend to your creditors. It will not mean that your IVA finishes any quicker unless you manage to pay back 100p in the pound plus fees.
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
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
) Wish i had a time machine!! 
