Overtime payment question ?
Posted: Wed May 29, 2019 7:54 pm
Hi everyone,
I been using and reading lots of posts and found all the information and advice very useful.
I’m currently in 5th year of my IVA with McCambridge Duffy and so far while it’s been tough they have been great.
I have expecting a bonus payment from work (as I have previously received) and wondered if someone could help clarify a point for me.
My IVA states that any payment over my regular monthly income plus 10% should be split 50% to my IVA and I can keep the rest. However, my question is what is meant by the “regular monthly income” ? Does this mean what I earned at the start of my IVA or what I regularly earn now 4 yrs after my IVA started. The IVA is not really clear about this point.
I will ask my IVA provider but wanted to gets some thoughts from the forum first.
I been using and reading lots of posts and found all the information and advice very useful.
I’m currently in 5th year of my IVA with McCambridge Duffy and so far while it’s been tough they have been great.
I have expecting a bonus payment from work (as I have previously received) and wondered if someone could help clarify a point for me.
My IVA states that any payment over my regular monthly income plus 10% should be split 50% to my IVA and I can keep the rest. However, my question is what is meant by the “regular monthly income” ? Does this mean what I earned at the start of my IVA or what I regularly earn now 4 yrs after my IVA started. The IVA is not really clear about this point.
I will ask my IVA provider but wanted to gets some thoughts from the forum first.