IPA monthly payment but 4 weekly pay

Hi everyone. Does anyone know why IPA payments can't be set to every 4 weeks instead of monthly? I understand 4 weekly pay is 13 pays in a year but when they are adding money on top of my 4 weekly pay to make it into a monthly payment schedule is making it very hard, I'm having 50 that isn't there added on to make it monthly.

Comments

  • Sonic101
    Sonic101 Posts: 151 Forumite
    First Anniversary First Post Name Dropper Combo Breaker
    Hi there

    I'm afraid I don't really understand your question. 

    Even if you make IPA payments monthly, the the total amount you pay over a year should work out the same regardless of the frequency of the payments.  
    Calculate your expenditure for a year then divide it by 12, this should give you the amount you should be paying monthly. If this indicates that the IPA payments set are too high you could contact the OR/OR's office to discuss, as long as you can justify why you are querying it they should take it on board. 
  • Chrome020
    Chrome020 Posts: 35 Forumite
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    Sorry I didn't write it clear enough, the problem I have with the way it works is I get paid 640 every 4 weeks but the payment for the IPA is monthly. They are working out my pay at just over 690 for a monthly schedule. Things are tight as it is so when they're adding the 50 that I don't have in that period it's making it hard. How hard is it for them to have different payment schedules depending on how you're paid.

  • sourcrates
    sourcrates Posts: 28,810 Ambassador
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    Contact OR`s office to discuss, they should work something out for you.
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