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
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.
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!
IPA Payments
Posted - 17 August 2009 : 18:17:27
