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Hello all

Started making my payments in August this year and due a pay rise next month - nothing massive around £35 or so a month more - do I tell my IP or do I wait until my review ? I’ve seen on other posts that a lump sum was expected at the review when others had a pay rise over the year and hadn’t informed IP but not sure if it is only if it’s a decent rise.

Regardless of any pay rise it's always best to inform your IP. If you leave it until your review it can be seen as extra income if it's over your threshold and may be additional income owed to the iva.

If you have checked your I&E and nothing has increased in costs I think you should tell them about the pay rise at earliest opportunity

I would tell them now.

I have to admit last year I didn't tell them when I got my payrise. My reasoning being my initial letter from Stepchange had said I could earn up to a particular figure each month, anything over I needed to pay a percentage over. My payrise of £20 a month didn't put me anywhere near the figure on the letter. Nothing was said at the review stage, there was no issue. I do have to agree its probably best just to tell them of any changes though.

Hi, I’m also due a payrise around the same amount! And it’s going to be back dated from April. I’ve already contacted them and as soon as it appears on my wageslip I will send a copy and see what happens

Fri Aug 23, 2019 7:14 pmlaura941 wrote:

Hi, I’m also due a payrise around the same amount! And it’s going to be back dated from April. I’ve already contacted them and as soon as it appears on my wageslip I will send a copy and see what happens

What did they say when you told them ?

I would inform them ..at worst you will be required to pay half of your rise across. Be sure that your outgoings have not changed as often these mirror each offer so no difference made.

The way that permanent pay rises are being treated seems to be beinf "re-interpreted" by a few IP's, to the detriment of the debtor. This is resulting in increases beibg imposed far earlier than was originally intended. But it is always best practice to inform your IP of any changes as they happen, to avoid surprises later down the line.