www.iva.co.uk

Hi,

I am looking to change jobs for a fairly large pay rise - if I get through the interview.

My question is how much of this wage rise will I have to hand over to my IVA?

I will have to increase some of my expenditure e.g. get a car and all of that expence (insurance, tax and petrol), increase my job protection insurance and pay nursery fees for my daughter

Thanks for your help

It will rather depend upon the terms of your specific IVA and how payrises are intended to be treated. Whilst you may be receiving a higher salary, are there any additional costs involved in taking up the new appointment - such as extra travelling, smarter clothing etc, on top of those you have already mentioned. If so, the additional costs will need to be taken into consideration before any increase in IVA payments is negotiated.

Firstly thanks for the quick response.

Yes I hadn't thought about the clothing but there could be a chance that there would be extra travelling hense the need for a car. I wouldn't be going mad just a run around would do.

My IP is a bit unhelpful and not easy to approch on things like this for example when my wife rang to say we were pregnant he said that 'I guess that was a mistake then'

We are now over three years into this IVA and can't wait to be out of it - its caused so much stress.

Good to have other people to talk to about it on here as I don't feel able to let any friends or family know our situation.

Thanks again for the help

That is an outrageous comment to make to your wife, and I am embarrassed that one of my profession would do so. Are you sure that it was the IP himself?

Feel free to use the forum for ongoing support, and we will help if we can - but at the end of the day specific advice must come from your own IP who does have detailed knowledge of your case.

No it wasn't the IP himself but one of his underlings - the guy that we have our day to day dealings with.

I guess I will have to wait and see if I am offered the post and then let the IP know.

Cheers

Hi oraange

Good luck with your interview and I hope all goes well for you. Don't let your iva stop your career from progressing.

What a shocking comment to make when you had such lovely news. Do they think people in iva's should stop living for 5 years and not consider children[:0]

Good luck
Emma x

Thanks Emma and by the way the birth of our lovely daughter WAS planned and not a mistake.

I am sure she brings you muuch joy, still can't get over what he said. So thoughtless x

i had twins during my iva and payrises and my ip was very good, he understood that even in an iva, life goes on, and offset once against the other.

What i found is that IP's have to work in the rules for creditors sake after all they are helping you out by agreeing to an iva, but an IP is very realistic as well

Wait until you get offered the new job. Then compute what your net take home pay will be, then re-do your day to day living expenditure taking into account new clothes, travelling, lunches etc. Also indicate monies needed to stock up for baby things - then ask your IP (not his underling) to advise what extra you will have to contribute into your IVA. If that is reasonable then go ahead with it. If unreasonable and you have good cogent reasons you could ask your IP to circularise your creditors and ask their views. Good luck and congratulations on the good news.