| T O P I C R E V I E W |
| Most worried |
Posted - 18 October 2010 : 13:42:45
Hi all
Both my OR and the Moonbeever comp has seen lots of my pay slips and in all of these there is a small bonus each mnth between £40-£70.
No one has mentioned any problems with this an has been treating the end total amount as my salary...and its barely over £1100 pr mnth.
It looks like I will receive a slightly higher bonus of £80-£100 in next mnths pay slip......do I need to let anyone know..???
Help :) |
| 10 L A T E S T R E P L I E S (Newest First) |
| Skippy |
Posted - 05 May 2011 : 14:43:12
I'm sure your career prospects won't look as good either - I don't think the company would appreciate you not working as hard! I wouldn't take the chance with the way jobs are at the moment.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
| Niobe |
Posted - 05 May 2011 : 14:03:20
It means that your creditors get something back Essie. You've been given a second chance, surely you can't begrudge them something?
Double, double toil and trouble;
Fire burn, and cauldron bubble.
Jan
xx |
| Essie |
Posted - 05 May 2011 : 13:47:10
quote:
Originally posted by chester2005
if a bonus is performance related it may be seen as a windfall and not income as such then they can take 100% of it not just the IPA
I'd not work as hard for that year if that was me - what's the poing in slogging your guts out to get a performance related bonus which you lose anyway???
Finally got head out of sand in October 2010
BR March 2011
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| chester2005 |
Posted - 30 October 2010 : 14:59:27
windfalls after discharge are differnt eg. lotto wills etc.
they are not income and are not claimable in an IPA but interest on money won would be classed as income and a % claimable in an IPA
pre BR discharge it is more likely to be seen as windfall
post BR discharge with IPA it would be more likely to be classed as income and % taken if at all
post BR discharge with no IPA Who cares??? its all yours!!!!!!!!!!
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
| xmas baby |
Posted - 29 October 2010 : 15:18:26
Does the 'windfall' question still apply if you are discharged but in an IPA? I was under the impression that any monies which you win, such as the lottery or inheritance monies could not be touched once you are discharged?
xmas baby |
| chester2005 |
Posted - 29 October 2010 : 14:20:30
if a bonus is performance related it may be seen as a windfall and not income as such then they can take 100% of it not just the IPA %%
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
| xmas baby |
Posted - 29 October 2010 : 11:50:30
Hi Joanne,
sorry to hear about your bonus (what bonus?). I'm sure they can only take a max of 70% of any income, which is what a bonus is. I would really quetion them about it as I don't think they had any right to take the whole amount. Did you speak to Moonbeever, your OR or RTLU?
xmas baby |
| joanne.8 |
Posted - 26 October 2010 : 20:46:31
I got a bonus last month for £538, i thought that they might take a large % of it, in fact they took the whole amount, gutted! I did mention that i read about ORs taking a certain % and they said they had never heard of that before. I do think it depends on where you live and who you OR is.
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| xmas baby |
Posted - 26 October 2010 : 16:20:51
Hi worried,
As Blackie has already mentioned, if it is a one off payment, moonbeaver will most likely not be interested. Saying that, last christmas I received a one off payment of £100 and I informed the RTLU, who promptly took 70% of it away much to my surprise. So much for being honest. I thought they would have let me keep the whole amount as it was a one off payment, or only a small percentage and not the maximum amount possible. I must have been unlucky and had a jobs worth chap. I will think twice about letting them know such things in the future.
xmas baby |
| Blackie |
Posted - 18 October 2010 : 15:54:14
Good afternoon Most Worried
If this is a one off bonus, it is highly unlikely that the OR or Moon Beever will get excited. However if this bonus is to become the norm, I would suggest that you mention it to the OR to keep everything above board. You would be extremely unlucky if the OR took interest in disposable income of under £200 as he can omly take 50% of any disposable income at that level.
Hope this helps.
John Blackadder |
