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    • thatchamlad
    • By thatchamlad 9th Oct 17, 7:43 PM
    • 65Posts
    • 19Thanks
    IPA and Commission Payments
    • #1
    • 9th Oct 17, 7:43 PM
    IPA and Commission Payments 9th Oct 17 at 7:43 PM
    Hi All,

    i need some guidance please or 'speaking from experience' on a query i have.

    When you set up an IPA i understand that any surplus remaining over 20 is included towards an IPA. However, if the IPA is based on a basic salary but depending on performance at work you may receive commission from sales how is the 'additional' money you receive dealt with? Does your IPA vary every month, is it left for you to keep or does the official receiver ask to see wage slips every month and calculate a different amount every month for the 3 years the IPA lasts.

    I have tried speaking to my 'daily contact' at the OR office but she has been on holiday for 2 weeks and off sick ever since and nobody I've spoken to can answer my question.

    Also, does the IPA start from the day i was made bankrupt or do i need to sign it before it can be enforced. I ask as i was paid last week and no IPA has been put in place officially. Do i need to keep the extra money i had over and above my reasonable living expenses as this could be backdated into an IPA or is that month now 'passed' and i am free to keep the money? Just don't want to get into trouble and any help would be appreciated.

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    • ToxtethO'Grady
    • By ToxtethO'Grady 9th Oct 17, 10:50 PM
    • 116 Posts
    • 58 Thanks
    • #2
    • 9th Oct 17, 10:50 PM
    • #2
    • 9th Oct 17, 10:50 PM
    It's the surplus including the 20 that goes in to an IPA. The bonus or commission you earn is looked at on previous years wages, if you've been there that long. If it varies each month you will have to declare it each month and your IPA could vary with it. If it was overtime I'd advise not to do any until your discharge.
    You need to sign the agreement and if you have no surplus some months to go to the IPA it is zero and you do not need to make it up in other months.
    An IPA can be set in any month of your BR up to discharge and can last for 36 months, same advice though as above, if you income varies a lot due to your commission some months you'll pay nothing some you'll pay in to it. If you have previous years P60s they could set it from them and make it a quarterly payment or annual one. You can say that your commission payments go on essential costs during the year such as glasses, dentist, house or car maintenance, just keep any receipts/invoices you get.
    That's all I can think of but other people will give some more advice as well.
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