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Posted: Fri Sep 17, 2010 1:58 pm
by Sherry
I rang my IP today to say that I now have a 2nd job and how much would my payments increase to. They said that my payments will not increase until my next review in July 2011! is this right? I don't want to have to cough up a lump sum next year?
Posted: Fri Sep 17, 2010 2:01 pm
by kallis3
Get them to put it in writing, but it sounds ok depending upon who your IP is.
You could always put the second income aside just in case.
Posted: Fri Sep 17, 2010 2:33 pm
by Goosed
Hi Sherry,
I asked my case administrator if the income from a part time job, if I took one, would be treated the same as overtime or bonus payments from regular employment. I was advised that it would not be regulated by the 10/50/50 rule, but would instead be classed as excess income and all have to be handed over to the IVA. Whether this is standard or just a clause in my agreement, I don`t know.
Posted: Fri Sep 17, 2010 4:10 pm
by Sherry
Thanks for your replies. I have since had a reply from Payplan and they have confirmed in writing that I do not have to pay any extra until next year! Next year it will be the 50/50 rule. Great news me thinks!!
Posted: Fri Sep 17, 2010 4:20 pm
by kallis3
Excellent!
Posted: Fri Sep 17, 2010 6:08 pm
by Lisa2009
Brilliant!!