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 new IPA without expenditure form

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T O P I C    R E V I E W
abd Posted - 14 November 2008 : 21:50:25
my income has risen by 1000 pound and the OR sent me a new IPA to pay extra 700 without asking me to report my new expenditure since my orginal IPA. my Q I thought they takebup to 50% of your surplus,am I wrong as this seems to be a 70-75% of my new net extra income.
did they ask for your input whether you have extra expenses for my family of 5?. I have 14 days to sign please advise.
Abd
3   L A T E S T    R E P L I E S    (Newest First)
Needafriend Posted - 15 November 2008 : 14:08:04
Thanks Skip

I dont like taking from others blogs, posts etc without asking.

Have a great weekend ;-)

Jo
x


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Skippy Posted - 15 November 2008 : 13:36:34
I don't mind Jo, I nicked it from someone else!

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
Needafriend Posted - 14 November 2008 : 22:07:35
Hi Abd

The OR will take up to 70% of any disposable income that would be the maximum.

Skippys blog shows this but i have included it here (Skippy i hope you dont mind) for you to look at.

This is a table of IPA percentages that you can expect to pay on any surplus income:

1st Column=SURPLUS INCOME
2nd Column=AMOUNT TO BE PAID
3rd Column=% OF DISPOSABLE INCOME

50 Nil
60 Nil
70 Nil
80 Nil
90 Nil
100 50 50
110 55 50
120 60 50
130 65 50
140 70 50
150 75 50
160 80 50
170 85 50
180 90 50
190 95 50
200 100 50
210 105 50
220 110 50
230 115 50
240 120 50
250 150 60
260 156 60
270 162 60
280 168 60
290 174 60
300 180 60
310 186 60
320 192 60
330 198 60
340 204 60
350 231 66
360 238 66
370 244 66
380 251 66
390 257 66
400 264 66
410 271 66
420 277 66
430 284 66
440 290 66
450 297 66
460 304 66
470 310 66
480 317 66
490 323 66
500 350 70
510 357 70
520 364 70
530 371 70
540 378 70
550 385 70
560 392 70
570 399 70
580 406 70
590 413 70
600 420 70


Please put on here what your income is and also your expenditure and we will as a forum help to sort the I&E out ready for you.

Most people post it on here and then we check it over.

Take care




Jo
x


For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/

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