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| tricer |
Posted - 17 December 2010 : 15:54:56
Hi I have a couple more questions, if when we are reviewed at the end of Feb and we are given an IPA, do we pay the same amount even after AD? or if we work any overtime etc do we have to pay the whole lot over?
My husband who is alo bankrupt sometimes gets asked to work away for a few days sometimes abroad or in this country, he has to pay his expenses for secure parking meals etc upfront and then claims it back through wages as expenses/night out allowance, this will make his wages look more than he actually gets paid normally, will this be ok or will the OR want to claim it? Its really just what hes had to pay out so we arent gaining any money.
Thanks |
| 4 L A T E S T R E P L I E S (Newest First) |
| debtinfo |
Posted - 18 December 2010 : 13:47:57
no its just a standard form that oes on every IPA, so if the IPA ends after you are discarged you still have to tell them about changes |
| gettingoutofdebt |
Posted - 18 December 2010 : 13:17:14
This sounds like the NT IPA and a zero IPA form that you have mentioned in your other post at http://bankruptcyhelp.org.uk/forum/topic.asp?whichpage=1&TOPIC_ID=12226#51876
If you are only liable for an NT IPA then contact the OR and ask them to send the NT IPA form and remove the zero IPA that is currently on your file. |
| tricer |
Posted - 18 December 2010 : 12:05:22
Thank you for your reply, Il ring OR on monday and explain the expenses. I have another query regarding our IPA. At the moment we were told we would have a NT IPA only, and if appropriate when she reviews are income and expenditure the end of Feb(both are wages are getting reduced from now and we arent sure what our take home pay will be, so end of feb we'l have accurate payslips)we will then be given an IPA for 3years if any disposable income Weve received the IPA letter today to sign and not sure that it is actually only for NT. The 1st page reads... I ........agree to pay the amount my take home pay will increase as a result of NT coding which will be applied by HMRC to the OR, then goes on to detail the amount of tax I said I pay per month which is fine, however the back page that we sign says until the end of the term of the agreement I shall notify the OR of any increase in income within 21days of becoming aware of the increase. I understand that the OR may claim the increase for the benefit of my creditors. I acknowledge that my obligation to make payments under the agreement does not end when im discharged from bankruptcy and that failure to make payments can effect the date upon which i am discharged. Why would it state that if it was only for NT as this ends at the end of the tax year in April? does this sound like the correct letter we should sign for NT? Thanks |
| gettingoutofdebt |
Posted - 18 December 2010 : 11:24:20
The IPA runs for 36 months so will continue even after you have been discharged. The IPA is based on income so if you work OT then you would have to declare this even after AD. If you get a one-off bonus after AD then it is yours to keep and doesn't need to be declared.
You can explain the situation with claiming the travel expenses back to the OR so they are aware of the situation but, as your husband has already paid the money out, the OR won't see this as extra income and want to claim it back. |
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