Opportunity to earn more money - can I negotiate?

GillsMan7

Hi, I was discharged from bankruptcy after a year in October 2018. I did pay an IPA (of £30) briefly, but haven't been paying it since before I was discharged. However, I know that as I was given an IPA at one point in my bankruptcy, I still need to declare a change of circumstances to the OR or to the company that used to collect my IPA for the five months I paid it.

I have recently been asked by my previous employer to interview for a position paying some £20K more than I earn now. The take home alone would be £1K per month more than currently. Clearly an exciting opportunity in terms of salary, but I'm not sold as I love my current job. But that amount of money is definitely head-turning.

However, I'd definitely need to pay an IPA for the next 18 months, which I'm happy to do, but not the full £1,000 extra for the next 18 months. Are people ever successful negotiating with an OR/IPA agency before accepting a bigger salary offer? If I'm going to have to pay the full extra amount I'd earn to an IPA, then I'll just reject the offer of a higher salary. Not worth it for 18 months if I don't get to keep any of it. But if there's an opportunity to negotiate and keep some of it, then I'd proceed. Any thoughts or guidance?

iquit

I'm responding in the hope of bringing your question back to the top for others to see. Hopefully a more experienced and knowledgeable forum member will be along to advise. To the best of my knowledge if you weren't on an IPA at the time of discharge you shouldn't need to be on one once your promoted. I stand to be corrected as my BR was over 10 years ago. On a side note I did 3 years of an IPA and took a promotion during it. I didn't want to hold back my career progression due to BR. All the best.

debt_doctor

Hi,

You need to be left with sufficient funds for your 'Reasonable domestic needs' - that's reasonable, not basic.

Best if you post your assumed SOA on here so we can have a look.

DD