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Ipa
dojoman
Posts: 12,027 Forumite
After being declared BR and having your OR interview, how long does it take for an IPA to be set up?
:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!
Life`s Tragedy is that we get OLD too soon
and WISE too late!
0
Comments
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Have you had confirmation of an IPA ?
first of all the OR has to wait to give you any chance to query the figures....time it starts? can vary from place to place really depends how quick the office deals with it reallyWe all die. The goal isn't to live forever, the goal is to create something that will0 -
Hi and thanks for the quick reply. May have jumped the gun a bit as we do not go BR until late Nov, but as we will have some cash left over after paying for essentials etc. I was just curious to how long an IPA would take to set up.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
Took about 3 months from the date of the BR to the first ipa payment for me.0
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ahh right....its a case of how longs a bit of string really it can take a few weeks or a few months depending how busy the office dealing with your case is..We all die. The goal isn't to live forever, the goal is to create something that will0
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Thanks for that, could I just ask what happens to the "surplus" cash for those 3 months whilst the IPA is set up?:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
IF you have a surplus over £99 a month after your household expenses are paid then until the IPA is set up its yours
UNLESS its a NT (nil tax code) IPA then you just put the cash to one side till they contact you
are you pretty certain of an IPA?We all die. The goal isn't to live forever, the goal is to create something that will0 -
It comes in very handy for things that you might not be able to buy for a while, things like winter coats, shoes, car repairs etc..0
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Yes I am reasonably certain we will get an IPA. What is a Nil Tax code IPA please.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
My DH will get a nil tax code. I'm no expert but I think it's when you're working the tax gets paid into your own account but you have to pay that to someother company, sorry it's not much info but at least you get an idea till someone else tells you correctly
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you may get a "nil tax code" which means your tax doesn't get taken from your wage packet, you have to pay this to the OR, you must not spend this extra money. You can keep your surplus before an IPA but you cannot keep the tax, it may take a while but they will ask for it eventually.0
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