IPA - How long to set up

Bald_Runner

Hi All,

Roughly how long after the first contact with the OR does it take to commence the IPA?
My court date is not until April 9th so i presume the OR will be in touch shortly afterwards
I can retire in less than three years so a three year IPA may mean me working for a few extra months, as long as it starts pretty quickly. I presume they are up and running quite soon? I don't want to have to work for an extra year... :eek:

Thanks

AmIdone4?

Hi bald runner ,

Not quite sure how long it takes for them to set one up, I may be eligible for one when (if!) I start work, but, I personally doubt they would ask you to work past the point of retirement though, I may be wrong but that would be harsh.

Did your OR say you would be having an IPA, as they should sent you out a form I believe to enter your latest I&E?

Unfortunately not got much more on IPA, but thought I'd answer as it's gone a bit quiet on the old board...:)

edit: understand now with court date, they'll talk it through with you, and as tiger said I wouldn't worry:)

tigerfeet2006

Bald Runner the great thing about IPA's is if your circumstances change then you inform the OR and he can suspend or reduce the IPA. Obviously if you get a pay rise it can go up . But to be honest I wouldn't worry.

JCS1

Bald_Runner wrote: »

Hi All,

Roughly how long after the first contact with the OR does it take to commence the IPA?
My court date is not until April 9th so i presume the OR will be in touch shortly afterwards
I can retire in less than three years so a three year IPA may mean me working for a few extra months, as long as it starts pretty quickly. I presume they are up and running quite soon? I don't want to have to work for an extra year... :eek:

Thanks

Figure has to be agreed, then copy sent to you for signature. Then a 14 day cooling off period, then countersigned by OR. And then sent to Clarke Wilmott asking them to contact you about collecting the money - so not a quick process!

And don't worry about retirement, IPA's are flexible, just let them know of any reductions of income and the IPA is reassessed.

Bald_Runner

JCS1 wrote: »

Figure has to be agreed, then copy sent to you for signature. Then a 14 day cooling off period, then countersigned by OR. And then sent to Clarke Wilmott asking them to contact you about collecting the money - so not a quick process!

And don't worry about retirement, IPA's are flexible, just let them know of any reductions of income and the IPA is reassessed.

Thanks All. If i retire and take the commutation (lump sum) can i pay a 'full & final' to cut the IPA short? I'd rather do that than drag it on

dalip

Hi Baldrunner
Just to give you a rough idea. Went bc end nov,had interview 12th dec,had IPA proposal 22nd dec, c&w contacted me midddle jan and first payment i made 28th jan. Hope that gives you a rough idea. I think a lot will depend on how busy the OR's office is as well.Dalip