Im looking at getting a new job as im self employed, is there a ceratin amout of money you can earn before they start taking money off you on a payment plan? also out of the disposbile income which is left is there a set percentage they take.
some just said that i would be better to be on job seekers for 12mth so they couldnt take anything?
I never paid mine. Got a bit of hassle from the council, went in to see them and they were fine about it. They accepted it was included in BR. Hope this helps.
Edited by - harbourmaster on 22 January 2009 12:36:17
I dont think they put a limit on what you earn, its more a restriction on being a director of a business, or being in charge of finance etc...If you have disposable income of £99 or less when all essential expenses have been taken into consideration, then you will not get an ipa/o, however if you have disposable income of £100 + then you will be expected to pay 50-70% of that into an ipa/o
Jenny xx
Onwards and Upwards is the way im going :-0)
From "Moneyworries" to "Movin On" in 3 months is fantastic :-))
An IPA/IPO only comes into play if you have a disposable income (DI) in excess of £100 a month (ie. after rent, bills, food etc are paid for). IPA/IPO's start at 50% of DI and go on a sliding scale up to a maximum of 70%.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
getting a new job
Posted - 22 January 2009 : 12:33:10
