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charlie44
Junior Member



231 Posts

Posted - 30 October 2009 :  13:12:28  Show Profile  Reply with Quote
Could someone please clarify this for me. If you have £99 or less you get to keep it all, however if you have £100 you only get to keep 50% of it therefore only keeping £50, is that right or am I reading it wrong.

BankruptC
Senior Member



1030 Posts

Posted - 30 October 2009 :  14:08:17  Show Profile  Reply with Quote
That's right Charlie! Doesn't seem to make sense does it? It's right though, which is why it's important to get your SOA checked carefully to try to aviod being too close to the £100 if possible!

C. x
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charlie44
Junior Member



231 Posts

Posted - 30 October 2009 :  15:14:25  Show Profile  Reply with Quote
Thanks for that, what a weird way of working it though.
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BankruptC
Senior Member



1030 Posts

Posted - 30 October 2009 :  16:00:17  Show Profile  Reply with Quote
Yep! Remember too that you'd need a surplus of £99 EACH for both of you to get an IPA if you are both going BR. My hubby got one and I didn't.

C. x
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charlie44
Junior Member



231 Posts

Posted - 30 October 2009 :  16:11:19  Show Profile  Reply with Quote
I don`t think my wife will get one as all her income is derived from benefits. I think that is the case anyway!
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BankruptC
Senior Member



1030 Posts

Posted - 30 October 2009 :  18:04:53  Show Profile  Reply with Quote
Yes that's absolutely right Charlie. If your wife's income is totally made up of benefits, she won't get an IPA. If yours isn't, then you'll need to look carefully at your I and E to make sure you're claiming all allowable expenses.

C. x
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