Hi guys

Hubby is in the process of job hunting but I wanted a heads up about an IPA.

My IPA is just my NT code.

If hubby gets a job and an IPA is applied by the OR then how long is that IPA for? Is it for the life of the bankruptcy (so Nov in our case), or is it 3 years.

I'm worried that if hubby did/does get a job, we'd loose most of his earnings to an IPA as currently our SOA shows our income and outgoings matching (just!).

We'd obviously have increased childcare costs as DD would have to go to nursery full time and increased travel costs but for him to work to loose it ALL (or most of it) to an IPA seems a tad not fair (although do appreciate we have debts to "pay back").

How does it work?

Sarah