| T O P I C R E V I E W |
| Needafriend |
Posted - 06 September 2008 : 10:39:56
Hi Guys
Well today we received a letter today from the OR about the IPA from the Zero Tax code.
She has worked out from the last 4 wage slips that we should pay £285 per month from the month that the zero code is applied. 
My main concern here is that OH wages have dropped since and altough she has the first of the new wage slips after looking at the tax paid last month it will be about £50 more from us per month.
I dont mind as we dont have an actual IPA to pay and we still want to where we can pay towards the debts, but just wanted to check that we should sign it, well OH not myself as its for him. 
Also as this is the only IPA with have been asked to pay after the tax code ends at the end of the current tax code, will that be it.
I mean that once discharged seeing as we are only paying the tax from wages and nothing else we wont have to pay anything else to the OR. This will end about 4 months before discharge.......
Or can the OR because we are paying this after discharge impose another IPA from our income as they had one in place prior to discharge.
It needs to be done and returned in 10 days.
Any advice, oh and John and Julian i also a left a message about this on your ans service today.
Maybe John or Julian you could call me.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| 10 L A T E S T R E P L I E S (Newest First) |
| Needafriend |
Posted - 08 September 2008 : 12:28:40
No your right, i have spoken to Suzanne and others and it looks like that is how this works as it is a seperate IPA as in its the NT code one.
Hey im glad im not the only one who has blonde moments. :-)
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| zamfir |
Posted - 08 September 2008 : 12:23:46
It was agreed that I had no significant DI at the OR interview. Was told that the NT code IPA will only be for the duration of the current tax year, and after that's satisfied, no further payments would be required (unless my DI changes for the better before discharge).
I was led to believe that, after discharge, they cannot try and impose a/another IPA
Or am I not getting the gist of this post (blonde moment)? |
| Needafriend |
Posted - 08 September 2008 : 09:41:18
Hi
I have just spoken to Suzanne and got this sorted out.
Thanks Suzanne i will give my OR a call and see what I can do.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| Needafriend |
Posted - 06 September 2008 : 22:34:08
Hi John
I will move it back up on Monday and see if Suzanne see the post, if not i will give her a call and see what state of play is.
As like i have said many people would have signed for the NT coding, then that tech should be it.
Thanks again.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| John |
Posted - 06 September 2008 : 21:31:47
Hi Jo
I understand exactly where you're coming from and it raises an interesting question for anyone, which is a huge number of people, who sign the NT related IPA then fall into a period of non payment post 31/3 but before discharge.
The simple answer is I'm not at all sure Jo but if pressed for an answer I would say the 2 are not related and therefore once you're discharged that's it.
Perhaps you could keep the topic at the top of the list and Suzanne could give her views on Monday.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| Needafriend |
Posted - 06 September 2008 : 15:30:52
Hi Julian
I understand that bit but i thought the NT tax code IPA was a seperate type of IPA and after the date it ends thats it.
And after that and after discharge we wont have to pay into an ordinary IPA as it was only the Tax code one inposed during BR.
So once he signs this we have commited ourselves to further investigation for 3 years even after discharge so that if our income goes up we will stil have to pay into an IPA.
If thats the case then everyone who signs the NT code IPA is also at the ORs mercy for the whole 3 years even after discharge to tell them about changes to income for them to start the IPA again, i know it can only last 3 years from the start of the NT tax code but that seems a bit weird.
What i am trying to find out is this IPA is tax related and not DI related and it states it will last till the end of the financial year.
After we have paid that to them, we dont have any DI to offer and we will be discharged hopefully 4/8/09. If this is the only type of IPA that we have will we still be bound by the rules no 7 on the letter as quoted by me before once discharged or is it a standard letter and after we have paid the tax to them that will be it, they cant start the IPA again, as we had only the tax one and we wont be subject to further investigations after discharge to try and get more payments out of us. So if i want to go back to work after discharge they cant start the IPA again as that one has finished.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| JulianDonnelly |
Posted - 06 September 2008 : 14:10:33
Hi Jo,
The maximum term for an IPA is 3 years. They can't keep cpming back with new IPA's!
The OR can suspend your discharge if you don't comply with the agreed IPA whilst they seek redress from the court (IPO).
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| Needafriend |
Posted - 06 September 2008 : 12:34:55
Oh and John,
How many years will the OR be able to impose another IPA from us after discharge.
This is starting to get to me now.
Is it from 4/8/08 till 4/8/2011
Then we will be free from any further IPA and obligation to them apart from the house.
Please advise.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| Needafriend |
Posted - 06 September 2008 : 12:31:38
Thanks John,
I will get OH to call her on Monday as technically like you have said they will be getting more from us.
The agreement states:
Until the end of the term of this agreement i shall notify the OR ot any trustee of any increase in income within 21 days of becoming aware. I udnerstand that the OR ot trustee may claim any increase in benefit for the creditors.
This is the bit that worries me:
I acknowledge that MY OBLIGATION to make payments under this agreement does NOT END WHEN I AM DISCHARGED from BR and that failure to make payments can affect the date upon which i am discharged.
Does that mean as i have asked thaey can enforce more money from us, once this ends on the 31st March 2009.
As i though once discharged we wont have to pay anything else as we have no DI to pay them.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
| John |
Posted - 06 September 2008 : 12:05:37
Hi Jo
if I were your OH I would call the examiner and point out that for the foreseeable future his gross income will be much the same as the latest of the 4 wageslips and therefore to take an average over the 4 payslips provided would be inaccurate as far as the tax he would have been paying in the future.
I would then propose the IPA for the tax monies should be exactly the figure paid in tax on the most recent statement.
I know you don't have an IPA as such outside of the tax related payment but you should not pay what is not strictly due. You may feel morally that you don't mind that extra £50 per month now but you may kick yourself later so it's important to get things right now. You just know that the oven will breakdown immediately before Xmas and the tumble will explode soon coz it won't stop raining.
If you can do it, set the £50 aside.
The payments are scheduled to cease 31/03/2009 so don't make any after that date.
You could only be asked to contribute beyond this date, and beyond discharge, if your I&E changes for the better and to a sufficient degree to warrant it.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
