www.iva.co.uk

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

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

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!!)

I hope i get a pay rise this year

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

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.