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T O P I C R E V I E W
kolobok
Posted - 17 August 2009 : 18:17:27 Hi All. I hope everyone is keeping their heads above water. My question is about my IPA payments if my salary increases. Originally, my rate was set as 65% of my disposable income but will this percentage remain the same if my income increases? I am hoping to start a new job in the next few months with a considerably higher wage than I'm on now and am curious if I'll have any more cash available to me or if the wonderful OR will take the extra from me.I live in hope. Good Luck to all and keep smiling
4 L A T E S T R E P L I E S (Newest First)
kimsmith07
Posted - 19 April 2010 : 15:12:05 **Spam - post deleted**
kolobok
Posted - 17 August 2009 : 18:51:54 Thanks for that. I had a horrible feeling they could take as much as they wanted to leave me with the same monetary amount whatever my DI. This forum and site is so helpful - it has helped me more than I can say. Good Luck to everyone again!
Skippy
Posted - 17 August 2009 : 18:50:34 There's a table on my blog which will give you an idea of how much the OR would take.
Good luck with the new job x
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
25 IPA payments made, 11 to go - on the home straight!
gettingoutofdebt
Posted - 17 August 2009 : 18:30:09 The most the OR can take is 70% and this is if your disposable income (DI) is more than £500. So if you have a DI of £500 you would pay 70% and the same if you had a DI of £2000.
