DIVIDEND PAYMENT

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JANE007

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Post by JANE007 » Fri Jul 06, 2012 10:02 am
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HI I RECIEVED £200 DIVIDEND PAYMENT IN WAGE THIS IS NOT MONEY I HAVE EARNED BY OVERTIME.DOES THIS FALL UNDER THE £500 WINDFALL CLAUSE BEEN TOLD TO HAND OVER HALF IS THIS RIGHT ?PLEASE HELP[?]
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Niobe

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Post by Niobe » Fri Jul 06, 2012 10:08 am
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No idea on this one Jane - you'll need to speak to your IP to clarify it.
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Olivia Young

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Post by Olivia Young » Fri Jul 06, 2012 10:20 am
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Hi Jane

You would have to pay 50% of bonuses and overtime so this could be classed as a bonus. As Harpic has mentioned, talk to your IP and they will confirm.
Olivia Young | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Michael Peoples

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Post by Michael Peoples » Fri Jul 06, 2012 10:21 am
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You need to check the terms of your IVA. Your shareholding must have been excluded from the IVA and any dividend payments addressed. Only your own IP will know how this was done.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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