NEW IPA after 6 months - LOCKDOWN what do I do?

2 Posts

Hi All,
I was hoping someone with more knowledge than me could help.
I am 6 months into BR and have been contacted by the OF to fill out a new IPA as they said they would do at some point. I do not currently have an IPA due to the SOA which was submitted when I went BR.
Due to the current circumstances (COVID 19 LOCKDOWN) a few things have changed, for example my gym membership which I was allowed has been frozen and my petrol and train tickets which were in the SOA have stopped as I am not currently travelling to work as I am working from home, however it is likely that in the month or so I will be returning as normal to work and will have to pay out for travel. This is about £100-120 a month plus my gym membership of £25 a month.
I also am not got socialising so that's another £20-30 a month gone.
I live with my parents so I am paying more towards rent due to parents being struggling slightly due to job changes. I am also helping out with more food shopping and essentials.
My question is, do I fill out the IPA as it stands right now today ( I have two weeks to do this ) or do I fill it out as what it will be for the rest of the year and what it has been, nothing else has changed, my wages have stayed the same and it is likely that very soon I will be spending out on travel either probably in petrol costs, eventually will get hair cut again for work and slowly go back to normal.
I am just a little confused, I don't want to really get into a 3 year IPA for a very strange time and temporary change which is going to go back to normal in coming weeks/ month.
Is anyone else in this position or can anyone offer any advice?
Thanks
I was hoping someone with more knowledge than me could help.
I am 6 months into BR and have been contacted by the OF to fill out a new IPA as they said they would do at some point. I do not currently have an IPA due to the SOA which was submitted when I went BR.
Due to the current circumstances (COVID 19 LOCKDOWN) a few things have changed, for example my gym membership which I was allowed has been frozen and my petrol and train tickets which were in the SOA have stopped as I am not currently travelling to work as I am working from home, however it is likely that in the month or so I will be returning as normal to work and will have to pay out for travel. This is about £100-120 a month plus my gym membership of £25 a month.
I also am not got socialising so that's another £20-30 a month gone.
I live with my parents so I am paying more towards rent due to parents being struggling slightly due to job changes. I am also helping out with more food shopping and essentials.
My question is, do I fill out the IPA as it stands right now today ( I have two weeks to do this ) or do I fill it out as what it will be for the rest of the year and what it has been, nothing else has changed, my wages have stayed the same and it is likely that very soon I will be spending out on travel either probably in petrol costs, eventually will get hair cut again for work and slowly go back to normal.
I am just a little confused, I don't want to really get into a 3 year IPA for a very strange time and temporary change which is going to go back to normal in coming weeks/ month.
Is anyone else in this position or can anyone offer any advice?
Thanks
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Replies
I would perhaps ask your OR what they expect, for if nothing else to not go through it twice
its worth bearing in mind that you don’t have to agree to an IPA, if you and OR can’t agree it would need the OR to go to court for an IPO, and obviously that will take some time(the courts will be busy when they reopen)
IPA- income payment arrangement
IPO - income payment order
expenses. I’m presuming if you have reduced pay they will take expenses for lockdown, if that makes sense as you’re having it both ways then I suppose
Thank you for your responses. I haven’t had any contact from my OR since the start so I never really know how much contact I’m meant to have and how much questions to ask.
I don’t know what the OR will say and I am
honestly worried to ring and have that conversation.
Thanks
Any IPA is revisable when circumstances change; worst case, they set up an IPA for one monthly payment and you subsequenty write to them detailing your change in income and expenditure, and they cancel the IPA.
Bit of a faff, but you certainly wouldn't be expected to pay money you only had surplus for a month or two, for 36 months.
An IPA costs £150 in admin fees to set up.
You won't get one.