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 Restarting IPA when resuming work
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kolobok
Starting Member



18 Posts

Posted - 21 January 2012 :  13:35:53  Show Profile  Reply with Quote
Hi All,
I'm about half way through my IPA but lost my job in September last year so was set as zero monthly payment. I have now got a job and am waiting for the OR to send the forms etc. I have no capital or cash funds in reserve but last week I received a nice letter from HMRC with a cheque for £1100 due to overpayment in 2009!!!!! My question is regarding if this sum will affect the monthly IPA that will be set for me? I don't think the OR requested my bank statements last time I resumed employment - but I'm not sure - and am i best leaving it in my current account until they ask.
Thanks in advance for any advice and Good Luck to all
John

debtinfo
forum expert



2826 Posts

Posted - 21 January 2012 :  21:05:35  Show Profile  Reply with Quote
when did you go bankrupt, is the repayment for the 08/09 tax year or the 09/10 tax year
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kolobok
Starting Member



18 Posts

Posted - 21 January 2012 :  22:38:04  Show Profile  Reply with Quote
Hi,
I declared myself bankrupt in 2008 and the payment is for 09/10 as I was working in Cyprus from March - Nov 2009. My payments restarted in 2010 - without any break for while I was in Cyprus as I could not prove my income


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