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Hi,

I am new to the forum, I have been reading messages for the last couple of months, and found it really interesting and helpful with any queries that I may have. I have just posted a reply message to the overtime and bonus query, any comments would be appreciated. I would just like to add a positive note to an Iva my husband and i seperated last year a lot due to our financial situation putting so much strain on our relationship. Now we are in an Iva we can see a light at the end of the tunnel. We are getting back together in March and looking to a debt free future when we can once again buy a house together giving us and our two young children some security. We had to sell our dream home in 2005 as we could not see a way out of our problems looking forward to being happy again[:)][:)]

I have no clauses in my IVA regarding overtime or bonus. At my last review my IP raised my income figure but I do not know what percentage he took of my overtime as My expenditure increased from the previous year. I do not have a consistent basic weekly wage but a maximum weekly wage before overtime (paid at time and a third) kicks in. Sounds confusing but for example on Tuesday it rained I did not work so I did not get paid. My take home wage next week will be lower than a normal week. So, basically, I do not know how my IP works out my payment.
PS. I am PAYE.

A. G. Gould

Hi Hovish and welcome. I am so pleased to see things are looking better for you and so nice to see you are getting back together. It shows unfortunately how the pressure of debt can affect a relationship, but also you show it can be repaired as well, all the very best to you both and hope to see you posting more rather than just reading.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/