IHR Timeframes.

[underpaidoverwalked]

Hi all. How long does it take from the optima health report and manager agreeing, then asking area manager(OPL) for IHR does the process take please? TIA.

[heraldmoth]

I would imagine it depends on your relationship with the manager

[sledger]

once everyone is agreeing this is the way to go you are paid up and gone very quickly

[underpaidoverwalked]

Thanks for the replies guys.

[Omega853]

Just read if you go ihr and are under 60 there is no reduction to your pension . Ie 5 per cent reduction as normal if you take it before 60. And your lump sum is not reduced either

[Grads75]

I thought they stopped ihr payouts. how much is it??

[HairyHobbit]

I thought they stopped ihr payouts. how much is it??

I’ve also been told this by my manager. No IHR due to strikes and finances or something. Then again, I’ve heard rumours that someone I used to work with is getting it so…

[sledger]

ive just recieved it so it hasnt been stopped yet

[greengiant]

ive just recieved it so it hasnt been stopped yet

Did they reduce the lump sum by how much sick leave you had taken?

[sledger]

the amount was not effected by the amount of sick pay i had recieved,i was paid in full as per the agreement.

[daveyeff]

was that 34 weeks pay plus 12 weeks P.I.L.O.N (payment in lieu of notice)? so 46 weeks pay in total? asking for a friend.

[sledger]

yes that plus any outstanding leave.Lump sum of 34 weeks was tax free the rest is taxed.

[daveyeff]

why is it taxed.? i was under the impression that you got upto £30,000 tax free. i know the lads who have just received VR have got theirs tax free.

[clashcityrocker]

If they made you work the weeks covered by pay in lieu of notice, you would have to pay tax on your weekly wage.

[ted_e_bear]

why is it taxed.? i was under the impression that you got upto £30,000 tax free. i know the lads who have just received VR have got theirs tax free.

I'm pretty certain it's only outstanding holiday pay that's taxed.