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T O P I C R E V I E W
Im_nowfree
Posted - 27 January 2011 : 13:32:13 I have just been discharged from BR. :-) I am so happy! I went bankrupt at the end of July 2010. I do have one final question I really need help with to know what to do. I am pretty sure I am getting a bonus paid at the end of March, however, I have a NIL tax code so wont then pay tax on the bonus. The end of March is when my last payment is made to Moonbeever. What do I do? Do I inform Moonbeever and simply pay the extra tax? Will this highlight my windfall and the OR then take the money? I have read that now I am discharged, they cant now apply an IPA, or that I have to now inform them of any pay increases? Is that true? I want to do the right thing, I have found it worrying going BR, unnecessarily it turned out and I just want a true fresh start and nothing in the bank of my mind worrying me about money anymore. Thanks!!
4 L A T E S T R E P L I E S (Newest First)
Housing
Posted - 29 January 2011 : 09:49:50 Hi
Excellent news - enjoy the freedom and look to the future
Housing
"There are no problems - only solutions"
Julie
Posted - 28 January 2011 : 23:17:02 As far as I know, once you are discharged from BR any bonuses earned are yours to keep.
Im_nowfree
Posted - 27 January 2011 : 15:15:32 Thank you! :-) Should i tell moonbeever about the bonus and that I will owe more than than usual for my last payment to cover the extra tax I should pay? I dont want the tax coming back to bite me at a later date? I guess this is what you mean?
quote:Originally posted by Richard P
congratulations
freedom
pay last installments to moonbeevers.
They have discharged you from your obligations
Richard P
Posted - 27 January 2011 : 14:27:49 congratulations
