📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Signed IPA

Hi all, 
it’s actually my discharge date today, but looking for a bit of advice.. I signed a ipa in August last year, obviously went on N/T tax code for a few months, worked extra and paid N/T amounts to Willmott! But I’ve paid nothing since April, is the Ipa in place still? Also I read there is a fee of £150 which I don’t remember seeing on any paper work!! 
I’m due to move house  and asked the question about new expenditure and income and was told I wouldn’t need to tell them?! 
Can someone please help? 
many thanks 

Comments

  • luvchocolate
    luvchocolate Posts: 3,386 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Home Insurance Hacker!
    Hi just checking if your nil tax code was the only IPA. 
    A nil tax code means the tax usually deducted from your salary is paid to the OR for the current tax year..so come April it ends and you go back to normal. 
    A surplus IPA is when you have a surplus of £20 or more from you SOA this runs for 3 years and can be higher or lower if your circumstances change within the 3 year. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.6K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.6K Work, Benefits & Business
  • 598.3K Mortgages, Homes & Bills
  • 176.7K Life & Family
  • 256.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.