We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
mad at my OR!

sniggings
Posts: 5,281 Forumite


:mad: I had my phone call on the 29th April and the OR said after I asked at the end of the call if I would be getting a IPA she said no as I didn't earn enough,so I didn't go into my new SOA as the one I first gave in on court day didn't inclued all expenses but over the weekend I get a letter to sign saying as of phone call I agree to pay £47 a month????
£47 dosn't sound a lot but over the last few weeks after going BR I would find it very hard to come up with that as I'm just getting by now,and it also looks like i am just over the £99 which if she bothered to look at my first SOA that she has will see that all my expenses are not inclued,I hope its a mistake ,I'm on the phone first thing and if it isnt a mistake,well lets just say I'm not signing any IPA.:mad:
£47 dosn't sound a lot but over the last few weeks after going BR I would find it very hard to come up with that as I'm just getting by now,and it also looks like i am just over the £99 which if she bothered to look at my first SOA that she has will see that all my expenses are not inclued,I hope its a mistake ,I'm on the phone first thing and if it isnt a mistake,well lets just say I'm not signing any IPA.:mad:
0
Comments
-
Remember, it's an 'agreement' and you obviously don't agree. Just call them and explain that you think there has been a mistake and explain why. It's irritating to say the least, but they are so busy at the moment it may well be an error on their part.Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848"He who laughs last didn't get it!" :rotfl:BSC 134
0 -
Here's a question to ask when you speak to them tomorrow:
How can it be £47?????
The starting point for an IPA is £100, 50% of which is £50!
Which would mean they want to take an IPA on a surplus of £94, which goes against all their guidelines.:rolleyes:Accept your past without regret, handle your present with confidence and face your future without fear0 -
yeah thanks Merry,its just so maddening that I was the one that asked about any IPA at the end of the call as she didn't even mention it,and not being able to phone untill tomorrow makes it worst but as its £47 I'm hoping that she wont put up much of a fight if it is correct.0
-
peachyprice wrote: »Here's a question to ask when you speak to them tomorrow:
How can it be £47?????
The starting point for an IPA is £100, 50% of which is £50!
Which would mean they want to take an IPA on a surplus of £94, which goes against all their guidelines.:rolleyes:
good point peachy,now I'm even madder:mad:0 -
I would ask how they came to that figure and remind them of the interview when she said no IPA. Ask what was allowed etc and say you have a new SOA that you wanted to go over in the interview but as there was no IPA there was no need to go over it.
Good luck and stick to your guns.
:j :j
0 -
How much tax do you pay each month? Just wondering if it's a Nil tax Code IPA?0
-
just calmed down abit and reread the forms and yes it looks like its not a IPA but a nil tax code IPA:o can someone please explain what that is?
I understand i think about the nil tax code(all my tax will go to the OR) but why the extra £47 a month?
feel abit stupid for not reading the forms first but all I saw was IPA on top of the form and just lost it,
thanks JCS1 you just saved me from an embassering phonecall0 -
77.23 Nil tax codes
HMRC issues a claim in the bankruptcy proceedings to cover the income tax due for the whole of the tax year in which the bankruptcy order is made, less the amount of tax paid and deducted up to the date of the bankruptcy order. A nil tax (NT) code is applied to the bankrupt for the remainder of the tax year post the bankruptcy date with the effect that he/she does not pay income tax for the rest of that tax year, and thus is in receipt of extra income.
If the bankrupt changes employer during the course of the tax year in which he/she is made bankrupt (which HMRC deems to be change in source of income), a new tax code will be issued, and the bankrupt will be required to pay tax on his/her earnings from the date of the change of employer. If the bankrupt has more than one source of income at the date of the bankruptcy order, the NT code will apply to all sources of income.
This extra income may be claimed by the official receiver under an Income Payments Agreement (IPA) or Income Payments Order (IPO.) When a nil tax IPA or IPO is obtained, the official receiver must send notification to the local tax office [note 3] with a copy of the bankrupt's tax disclosure form [note1] so that notification can be sent to the official receiver's collection agents when the NT code is notified to the bankrupt's employer.
It can take some time to implement the new tax code, and a refund of the tax paid between the bankruptcy order and the NT code being issued is payable in these circumstances. HMRC will automatically offer the refund to the official receiver or other trustee appointed. The official receiver must respond to the offer and forward a copy of the tax disclosure form [note 1] in order to claim the refund.
For more information on NT IPAs and IPOs see Chapter 31.7 Part 3 and Chapter 31.7 Part 7 - Income Payments Agreements and Income Payments Orders.
A light read!We all die. The goal isn't to live forever, the goal is to create something that will0 -
thanks for that phil,but am still abit lost why its £47 a month when I pay about £180 a month in tax?
does the OR take the tax before i get it and the £47 a month is just the bit extra i end up with that they cant take so I need to give it to them each month?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards