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Receiving Bonus/commission Whilst In Dmp

diddygez
diddygez Posts: 38 Forumite
in Debt-free wannabe
dOES ANYONE KNOW WHAT HAPPENS IF YOU RECEIVE BONUS / COMMISSION WHILST IN DMP DO YOU HAVE TO DECLARE IT.. THEY DID SAY THAT ONLY REGULAR INCOME IS TAKEN INTO CONSIDERATION HOWEVER SOME OF THE COMMISSION MY HUSBAND RECEIVES IS QUITE HEFTY ..NEXT QUARTER WILL BE APPROX £5000 OBVIOUSLY I WANT TO USE SOME TO PAY OF DEBT BUT ALSO DO NEED TO DO A FEW THINGS AROUND THE HOUSE ... ANY ADVICE WOULD BE MUCH APPRECIATED

THANKS

Comments

  • dj9928
    dj9928 Posts: 343 Forumite
    diddygez wrote: »
    dOES ANYONE KNOW WHAT HAPPENS IF YOU RECEIVE BONUS / COMMISSION WHILST IN DMP DO YOU HAVE TO DECLARE IT.. THEY DID SAY THAT ONLY REGULAR INCOME IS TAKEN INTO CONSIDERATION HOWEVER SOME OF THE COMMISSION MY HUSBAND RECEIVES IS QUITE HEFTY ..NEXT QUARTER WILL BE APPROX £5000 OBVIOUSLY I WANT TO USE SOME TO PAY OF DEBT BUT ALSO DO NEED TO DO A FEW THINGS AROUND THE HOUSE ... ANY ADVICE WOULD BE MUCH APPRECIATED

    THANKS
    What they don't know won't hurt them. Enjoy them money buying things for the house as when your on a DMP they don't give you alot of room for maneuver
  • GingerSte
    GingerSte Posts: 2,486 Forumite
    dj9928 wrote: »
    What they don't know won't hurt them. Enjoy them money buying things for the house as when your on a DMP they don't give you alot of room for maneuver

    This wouldn't be possible unless the bonus was paid in cash.
  • diddygez
    diddygez Posts: 38 Forumite
    its not its paid thru bank along with salary on payslip.. why do they look at your p60??
  • GingerSte
    GingerSte Posts: 2,486 Forumite
    I'm not certain but I think they look at your bank records.
  • beanielou
    beanielou Posts: 96,149 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I think it can be used to partly reduce debt as a one off.
    You could ask the company administering the DMP ie what if my long lost Auntie Betty died & left me some £££.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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