WAGE INCREASES

[pm5]

I have recieved a significant wage increase which is great.
At annual review do IP's normaqlly let you keep a certain percentage of it after I & E is taken into account or do they have all of the whats left of the wage increase

[Shining]

Hi pm5, well done on the wage increase, have you informed your IP yet? It's best to keep them in the loop although I do know from reading the forum, a lot of posters are told it will be dealt with at review time. I think and it is only a think and I'm sure someone will come along soon to confirm that 50% will be payable into the IVA x

[kazzafunk]

pm5 - as lesley has said, you need to inform your IP now even if it won't affect your IVA payment until the next review.
In our IVA we can keep 50% of any such increases, but with the utility bills, fuel and food going up so much, I wouldn't be suprised if people get to keep most of their increases this year (not that I am getting one!!)

[howardmoon]

I hope i get a pay rise this year

[pm5]

I am told it will get dealy with at the annual review but I am putting 50% of it aside just in case

[kazzafunk]

I would say if you have been told that then you'll be ok. I have a letter from our IP confirming this but asking me to send in wage slips 6 monthly or if there's an increase (just to note).

Its great if you can save the 50% as it'll be a nice contingency fund or to buy yourself something as a treat.