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lost hope
Starting Member
United Kingdom
28 Posts |
 Posted - 13 March 2010 : 10:39:56
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| hiya i am due for a pay rise in work, (i cant imagine its gonna be a huge one!) im guessing i will have to let the OR know?but was wondering how much will they take of my increase? im really struggling atm with all bills etc,(i have literally £1 left after all out goings!!) and an extra couple of pounds will help!but will they take it all? |
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debtinfo
forum expert
2826 Posts |
Posted - 13 March 2010 : 11:57:32
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| do you have an IPA at the moment, if the rise is not much they may not take any, it depends on your outgoings as well |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 13 March 2010 : 12:13:31
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| The OR will probably send you a new I&E to complete. If you are struggling at the moment then put down the amounts you actually spend on the new I&E. It may be that you underestimated your outgoings on the original I&E you completed when declaring BR. |
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 13 March 2010 : 15:07:18
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| If you only have a pound left after outgoings then you may be paying too much already I would ask for another I&E anyway and make sure you are getting all your allowances, a pay rise normally means catering for increased living expenses |
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lost hope
Starting Member
United Kingdom
28 Posts |
Posted - 13 March 2010 : 23:38:22
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thanks for all your replies!!no i havent got a IPA yet but im worrid about getting one because i really cant afford it, i think even with a payrise!!i thought i would be alot happier after bankruptcy and im struggling more then ever!when i went bankrupt i hadnt been in my flat that long so think i may of underestimated!
is there any help i can get with rent or anything?
i appriciate im not suposed to have alot of surplus being bankrupt...but im finding half way through the month i have no money left even for essentials (food,petrol etc) and im trying to go so careful!!:( |
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lost hope
Starting Member
United Kingdom
28 Posts |
Posted - 13 March 2010 : 23:40:40
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| p.s also things like percriptions etc, i have no spare income for this kind of thing...dont no what to do! |
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RHB
Senior Member
1159 Posts |
Posted - 14 March 2010 : 08:54:23
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| Doing your I & E will help you see where the money is going & if you can make any cuts. I think if you are on a low income on your own & over 25 you can apply for working tax credits ( & i think you may be entitled to free NHS dental treatment & prescriptions) & also housing benefits. It may be that you might need to look for somewhere cheaper to rent though if you really are struggling. |
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 14 March 2010 : 09:36:21
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| Why not go along the CAB office they can help with I & E and also maybe sort out any benefits you may be entitled to and its free |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 14 March 2010 : 10:19:54
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I agree, the CAB are there for you to use, they are non judgemental and generally very good.
Good luck, Richard
quote:
Originally posted by Daniel Griffiths
Why not go along the CAB office they can help with I & E and also maybe sort out any benefits you may be entitled to and its free
"There are no problems - only solutions" |
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lost hope
Starting Member
United Kingdom
28 Posts |
Posted - 16 March 2010 : 17:45:06
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| thanks guys!! im gonna try and get down to the CAB and see what they say!! what happens if i leave my current job...and get a better paid one... how do they work out the IPA? if i earn more money will it benifit me aswell or will they take it all? |
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debtinfo
forum expert
2826 Posts |
Posted - 16 March 2010 : 19:41:31
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| no they will take a proportion so you will be better of just not as better off as you could be |
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lost hope
Starting Member
United Kingdom
28 Posts |
Posted - 16 March 2010 : 22:30:46
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| and i got to pay in to that for 3 years is it?what happens if my wages drop again...(different job etc) will i still have to pay it? |
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chester2005
Average Member
United Kingdom
786 Posts |
Posted - 17 March 2010 : 01:07:56
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every time your income or expenditure changes you can have IPA reassessed if your DI drops below £99 then it would stop
it only runs for 36 months not 36 payments so if your DI dropped below after 12 months and did not rise until after 36 months then it is all yours
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurhman)
RevivaUK and Paul Johns helped me through it all i can't recommend them enough!! |
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payrise with bankrupty?
