IPA - self employed

Grandadto2

My OR is asking me to sign an IPA that would give him my surplus every month.
BR in Jan 2011
Classed as self employed and paid commission only.
Only been in job since December last year.
OR has only seen proof of commission paid but no expenses.
Commission has been OK but JUST covers household expenses and business expenses.
I know that next few months are going to be very lean but he wants me to sign this IPA.
Lets suppose I do and commission stays low until month of discharge - surely this means he can continue to take surplus for next 2 years? Don't mind him taking it if it is a true surplus but worried he takes it one month and then I don't get enough to survive the next.
Have spoken to an "expert" from his office who says they should not need to wait for end of year accounts as they are very experienced in these things (this expert suggested I pay the IPA by cheque!? - told him bankrupts not allowed cheque books)
What should I do? He pretty much threatened me that if I do not sign they can make life very difficult for me.

Ineedaname

An IPA is an agreement. Try providing proof of your expenses to show true net figures with the aim of negotiating.

philnicandamy

As In said an IPA is an arrangement between the both of you, send them a break down of your figures & see what happens, if they come back again with figures you disagree to ask for a breakdown of how they calculate & take it from there