Posted: Mon Apr 29, 2013 12:18 pm
Is there an easy way off working out the 10%/50% rule on overtime.
Is it worked out on my Total income or Fulltime/overtime??
Is it worked out on my Total income or Fulltime/overtime??
If your normal take home pay is 1000 per month ( as agreed in your I&E review), then you are allowed 10% of this, i.e £100.
So, if you earned £150 overtime, you keep £100 (10%) and split the £50 with the IVA ( 50/50). You keep £125 the IVA gets £25.