Ipa & discharge question

BR1_2

Hi
Not been on for a few weeks,

But i have another ipa question!

Once i have been discharged but am still paying an ipa do i still have to tell the OR if my income changes???

(none of the above applys yet......but we usually get wage rises every 2yrs @ work!)

Thanks in advance! x

Ineedaname

You are still held to the IPA agreement you signed which states you must inform the OR/Moonbeever of any change in income or expenditure within 21 days of the change. Sorry, not sure of the exact wording, but the simple answer is Yes.

BR1_2

Lovely Thank you x x

Chuckie1998

Although you must inform the OR of any change in income within 21 days, you will find that they are not interested in any annual "cost of living" pay increases of between 2-4%.

They are only interested in promotions etc where your salary would significantly increase.

tigerfeet2006

Each individual OR interpruts the guidelines differently so you still need to inform them of any changes in circumstance to avoid any problems.

Ineedaname

Personally I would inform them of any change which makes a marked difference to your SOA. It's about you being able to afford to live still. If there's a cost of living pay increase then that's to reflect an increase in cost of living, so expenditure will change too. A few pounds here or there can make a big difference in some households.

It would then be up to the OR whether to adjust your IPA accordingly, or tell you they won't make any adjustments.

debtinfo

as above, unless your OR has given you personally any other specific instruction, then you should inform them of any change