New Post Advanced Search
Important update! We have recently reviewed and updated our Forum Rules and FAQs. Please take the time to familiarise yourself with the latest version.

IPO advice

4 replies 81 views
Hi everyone, I went bankrupt in May 2019, now on the home stretch. I wasn’t given an IPO (is that the right acronym?!) due to being on UC and having a small income from being self employed, we’re taking approx £200 p/m. I’m now looking for a change and would like to get a regular job again. If for example I returned to employment after my first year is up, would I then get an IPO? The job I’m looking at is FT @ £11 odd ph so c. £23k pa. Obviously this is a huge jump and would mean my income would increase by roughly £950pm (taking into account change in benefits). I’ve grown to hate being self employed and desperately want to change jobs but it seems crazy to do so if the money would be taken straight off me as an IPO ☹️

Replies

Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support