Hi all, due to a change in job which involved more travel I stopped paying anything to the OR for my IPA, I had previously paid £250 PCM (IPA) and about £450 (tax rebate) from June 2011 till Nov 2011. Since starting the new job I have been paying tax as normal and after filling in a new income/expenditure form my disposable income was only £11. I last contacted the OR in Feb 2012 and and due to be discharged in June. Do I need to contact them again or should I just wait for them to contact me? Also, and I guess I already know the answer to this one, if I am still not paying anything towards my IPA when I am discharged am I still in an agreement for the next 3 years?
If you contacted the OR and they agreed that there is not enough surplus to resume your IPA payments you will only need to contact them again if your circumstances change.
Unless the OR actually cancels your IPA (as opposed to suspending it) you are still liable for the full 36 months and will need to advise them if your circumstances change during this time.
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.
Nil IPA payment
Posted - 05 May 2012 : 17:44:54
