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Posted: Mon Sep 12, 2016 9:59 am
by annierose
Hello,
I have a payrise after changing jobs and just need some advice on when I need to let me IP know? I checked the wording on my proposal and it seems to state that contributions will be increased by 50% of net increase in the month following the annual review. Does this mean I wait until the annual review?
Thanks [:)]
Posted: Mon Sep 12, 2016 10:03 am
by kallis3
Hi,
Let them know now and they will inform you when you need to up your payments.
Posted: Mon Sep 12, 2016 10:26 am
by Foggy
They should take the rise into account at the review and, in the meantime, the increase will be all yours. However, some IP's have been known to try it on and increase right away ( indeed, some arrangements are worded that way -- but yours is not).
As Kallis says, it is best to inform them now, so at least they know what to expect. As I have said before, I used to overload my IP with information for him to decide what he needed to know and what not, then there could be no comeback for not divulging anything I should have
I am sure he was glad to see the back of me
Posted: Mon Sep 12, 2016 12:30 pm
by annierose
Thank you, I thought that would be the case. I phoned and they said to send in new pay slips which I will. Can see the end in sight now so just want to make sure nothing goes wrong!
Posted: Mon Sep 12, 2016 12:37 pm
by Lisa Thomas
Make sure you start putting the extra to one side in case it is due from now rather than when the annual review is done.