www.iva.co.uk

Hi,
I have an iva running at mo for just over a year and running ok, I payed half of xmas bonus last year minus tax deduction, this year i call to do same thing again, and ask to pay half of xmas bonus and also a lump sum i recived, only this time no tax deduction, as i pay tax on this money, I ask and they say it al be taken into account when wages review come up,every 3 months, so i"m thinkin why last year and not this year, maybe the person I spoke to is wrong, should i enquire further,

Hi gt8 and welcome to the forum

I am not sure that I understand your post, but just to clarify that 50% uplifts are calculated after tax has been deducted and not before.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

Hi
I think that you have spoken to someone who is not fully upto speed regarding IVAs.It is 50% of the net pay[bonus]that you pay over to your IP.
I would ask to speak with your IP
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp