Page 1 of 1
Posted: Thu Jan 17, 2008 8:12 pm
by louiseh
I have the 50% payments for Bonuses and overtime clause within my iva, I make the payments to IP as soon as I receive them, am I then free to spend the remaining 50% however I like, holiday extra mortgage payments etc.
Posted: Thu Jan 17, 2008 8:18 pm
by Skippy
As far as I know you can spend (or save!) the other 50% however you want.
Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.
View my blog at
http://skippy13.blogs.iva.co.uk/
Posted: Thu Jan 17, 2008 8:20 pm
by aguise
Hi Louise. Yes you are, thats where most of my contingency fund comes from. If you have paid the 50% then the other 50% is yours. I have just paid for a sun holiday again with mine.
ang
Please visit my blog at
http://aguise.blogs.iva.co.uk/
Posted: Thu Jan 17, 2008 8:44 pm
by louiseh
Also booked another sun holiday for June, Im just hoping this june will be better than last!
Posted: Fri Jan 18, 2008 8:31 am
by hallway
Hi Louise Iv been in Iva for 10 months and my %50 of overtime paid for xmas great when you can get it.
Posted: Fri Jan 18, 2008 9:17 am
by iva experts
Hi Louise,
The 50% overtime/bonuses clause was actually created so the creditors would benefit and that also you would benefit. If they made it 100% there would be no incentive to work overtime at all.
So take your 50% and do with it what you like, you could even treat yourself [:D][:D]
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/