www.iva.co.uk

hi all

i received a 4.5% pay increase at the beginning of may, my iva has the 50% bonus/overtime clause thing in it. i received extra money in may's wages from the pay rise backdated from 1st april. should i of told the ip about the pay rise and would the backdated pay rise been included in the 50% bracket? (the backdated pay was less than 50% of my take home pay)
my 1st annual review will be in march and am worried incase i tell them about the increase that they will ask for the difference i have been receiving for the last 12 months even though the price of EVERYTHING has increased recently.

thanks all

read your report as my payrise is ok if less than inflation (3%) - if more then I have to tell IP - however your payments should not change until after your review has been completed - but you do have to tell them!

You do need to advise your IP of your pay rise, but you could also send them details of your new expenditure to demonstrate that some of the money is being used to fund higher fuel and food costs. The IP will then make a decision as to whether monies are due under the 50% uplift clause.