Author Topic: NT IPA Question  (Read 35122 times)

sboy90

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NT IPA Question
« on: Feb 08, 2018, 07:40:00 PM »

Hello


I became bankrupt in May 2017, I had no disposable income and so I was issued with a NT tax code and an IPA to pay until April 2018. Assuming I have no change in circumstances between name and April 5th 2018 and the IPA is fulfilled (Last payment is due end of March) what happens if I we to get a new job or pay rise post April 5th but before discharge in May 2018, can the OR issue a new IPA or is it a one shot thing?


Thanks
sboy90

Lisa Thomas

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Re: NT IPA Question
« Reply #1 on: Feb 09, 2018, 09:32:00 AM »
Your income will be monitored throughout the period (norm is one year) that you are Bankrupt so if it changes before you are discharged they can put an IPA in place.
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