Variable Salary

Oldzskool

I'm trying to get myself prepared for bankruptcy now I have managed to raise the fees.

One concern is the income/expenditure form and how much I should put down for my income. I receive a basic salary which can be boosted by overtime during the month. The overtime is never guaranteed and quite often I will earn just a flat month.

Should I take an average of my last 12 months salary or just put down my basic salary and say I do receive varying amounts of overtime throughout the year?

Also, how far back will I need to provide financial paperwork like credit card, bank statements and payslips for? I think most stuff over a year old has likely been shredded.

Many thanks.

Depth_Charge

Oldzskool wrote: »

I'm trying to get myself prepared for bankruptcy now I have managed to raise the fees.

One concern is the income/expenditure form and how much I should put down for my income. I receive a basic salary which can be boosted by overtime during the month. The overtime is never guaranteed and quite often I will earn just a flat month.

Should I take an average of my last 12 months salary or just put down my basic salary and say I do receive varying amounts of overtime throughout the year?

Also, how far back will I need to provide financial paperwork like credit card, bank statements and payslips for? I think most stuff over a year old has likely been shredded.

Many thanks.

Hi

How much difference does the overtime make over the 12 month period?

Probably best to put down an average and make a note at the back of the 6.28 form as the O/R will see the annual salary figure anyway from your payslips etc

Speak to the O/R about this during your interview, if its not guaranteed then it has to be addressed realistically with regard to any possible proposed IPA etc

Sounds like you have info on everything else up to approx 12 months old and this should be enough in my book as the O/R should be able to utilise this etc.