redundancy and holiday pay

comingtoanend

Hi all,

l am new to this sight, but have read it for 3 years and its a great site,its answered so many of my questions through the years so am grateful to so many people on here,.
Anyway a bit about myself, went bankrupt along with my other half 3 years ago, very traumatic,made myself ill, but anyway,l lost my house, and have been paying an IPA 2years,then on the last year which is now, couldnt work because of health problems, and have now been made redundant, my insolvency say l can keep my redundancy, but l have to pay them any holiday pay that l receive, which actually amounts to more than my redundancy.would like your views on this, would be very grateful for any help.

IF

Hi comingtoanend and welcome to the BR board. I always thought it was the other way round, you get to keep holiday pay and wages!! Until another poster can advise further please see this thread click on link below:

https://forums.moneysavingexpert.com/discussion/3936903

Best wishes
If...x

comingtoanend

hi if,

thank-you for replying so quickly, still a bit confused about it all, but thank-you.

debtinfo

The redundancy pay is an asset so cant be claimed after you are discharged, the holiday pay is income so cant be claimed directly but is part of the IPA, so for one one month you will have more income than usual and so a tempoaraly higher IPA

comingtoanend

hi debtinfo,

thankyou for reply, are you saying l will have to pay them my holiday pay.

debtinfo

Yes, unless your expenses this month are higher than normal

comingtoanend

hi debtinfo,

l havent paid IPA for a year because of health problems, and my ipa in finished this month and will get the redundancy this month, do you think they will still take my holiday pay if l am finished this month,Thank-you for replying to me.