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T O P I C R E V I E W
Chris.to
Posted - 22 March 2012 : 21:26:20 Variable Income.
I wonder if anyone could offer me some advice. Basically my income is made up of a basic salary plus overtime. Some of the overtime is sort of compulsory. When I am tring to complete the backrupcy form, section on income and expenditure I am unsure what to put into the income box, Should I average out my overtime and put that figure in the box (plus my salary). How would the OC calculate and payment orders if my income varies so much (can be as much as £200 extra in a month). Thanks for your time and any help would be very much appreciated
1 L A T E S T R E P L I E S (Newest First)
debtinfo
Posted - 22 March 2012 : 22:29:12 yep, if you are likely to to be doing vaguely similar over the next 12 months as the last 12 months, i would you put an average of the last 12 months as your income, The OR wll set an IPA based on that average and it will be your responsibility to put money aside in the good monthe to make sure you can pay in the bad months
