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T O P I C    R E V I E W
CMJ Posted - 01 June 2009 : 15:38:06
Hi

Once in an IPA for 3 years, and discharged what are the restrictions, re;; wage rises and bonuses does the OR have rights to these monies?? If so at what percentages??


Thanks Guys
2   L A T E S T    R E P L I E S    (Newest First)
Suzanne Posted - 02 June 2009 : 11:14:36
Hi

Wage rises unless they are exceptional, would be mopped up with the usual increases in expenditure that occur with price rises etc. In terms of Bonuses you should declare these, and they would usually ask for around half.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
Niobe Posted - 02 June 2009 : 08:35:40
I think you would probably have to pay some of any payrise across to your IPA. Don't know what percentage though.

Hopefully one of the experts will pick up on this.

The glimmer gets brighter all the time

Jan
xx

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