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 I have had a nil tax code applied

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T O P I C    R E V I E W
Angela.97 Posted - 30 July 2012 : 00:12:36
I have had a nil tax code applied, do I have to tell or if my income goes up or notb
4   L A T E S T    R E P L I E S    (Newest First)
Viki.W Posted - 30 July 2012 : 11:53:56
Hi Angela,

As the other posters have said, you need to inform the OR of any changes in your income for the year you are bankruptcy, or if you are paying an income payment agreement, then for the 3 years this payment lasts.



Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Niobe Posted - 30 July 2012 : 10:43:40
You will have to tell the OR of any changes - will you have an Income Payment Agreement in place once the the nil tax has finished?

Ascend may you find no resistance
Know that you made such a difference
All you leave behind will live to the end
The cycle of suffering goes on
But memories of you stay strong
Someday I too will fly and find you again

Angela.97 Posted - 30 July 2012 : 09:33:23
Hi went bankrupt in June

year 2029 Posted - 30 July 2012 : 00:28:46
Hi Angela, when did you go bankrupt?

Part of the agreement in bankruptcy is to tell the OR if you have an increase in income.

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Views expressed are my own personal views, based on what has happened during my own BR process unless otherwise stated.
Professional advice should always be sought.

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