My husband's business has gone bankrupt and he is looking for a new job. I have a good income of around £2000 take home a month. Our expenses come to around £1500. If (hopefully) he manages to get a job will they just split the expenses in half so assume his half is £750 and then his disposable income is what's left? Is it better for him to get a lower paid job as if he tries for higher pay they'll take more off him? Just not sure how it all works.
They will expect him to make a fair contribution, so if he earns more than you the they will expect him to pay more of the bills or visa versa, What is left is his surplus, if his surplus is more than £100pm then they will take 50-70% of his surplus, the rest is his to do what he wants with
once your husband gets new job then you will have to submit a new income and expenditure. your expenditure may have increased with the new job.
its not just about the job or obtaining a job to fit the criterea, its what is he best at and will receive the most job satisfaction.
BR and IPA are for three years, in that time he could have had a couple of promotions or now that he does not have pressure of having to earn a lot to pay all of the debts could have the job he has really wanted.
How much do they take from wages?
Posted - 04 August 2010 : 18:30:59
