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T O P I C R E V I E W
SoSad
Posted - 18 February 2011 : 13:30:33 Hi, Declared BR in Dec 2010 but can you please explain how an IPA works. If I am given one - OR is considering it, how will this effect me. I understand a monthly amount continues to be paid for 3 years, but will I still be discharged after the 12 months? Will my tax code change after the 12 months? Is the IPA connected to my tax coding or is this a monthly payment I have to make separately? Sorry to be so thick but cannot get my head around it. PS My NT tax coding hasn't come through yet - does this seem a long time?
1 L A T E S T R E P L I E S (Newest First)
Viki.W
Posted - 18 February 2011 : 13:40:18 Hi,
If you haven't had a nil tax code, you may not get one now as it's so close to April.
Your IPA will be paid by standing order from your account for 36 months.
You will still be discharged from BR after 12 months.
