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New, free ‘Academoney’ course from MSE and the Open University launches
All the key areas of personal finance are covered, so that you can master your money decisions
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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 ☹️