My IVA is one year old in sept. will increases in insurances and utilites be taken into account?
do they want wage slips leading upto review or after 12 months?
Different companies have different requirements as to what they want you to provide to them but your company will let you know what is required.
They will take in to account any increases in income and expenditure as they know the cost in living has gone up. Fill out your I&E form with your new figures, if there is any questions about these new figures they will get in touch again with you about these.
I wouldn't worry to much about the increases as ours and sure many others on the forum have gone up.
I agree. I send in my wage slips monthly but there is no requirement to send in bank statements. I have just submitted my 2nd annual review information and it is as straightforward as it can get! It is just a case of putting down what your costs are. In my case last year my house insurance went up by £2 but it was not necessary to provide proof of this, probably because of the low value, I also changed jobs and my petrol went from £150 to £400 a month and it was just a case of sending in 1 months receipts as evidence that this was a true reflection. The annual review is not something to worry about I promise!
we have to send in three months pay slips, copies of our P6o's and three months bank statements, we are due our 3rd review in a few months and we have experienced no problems with the past two.Try not to worry
All increased expenditure will be taken into account as part of your review, and you will generally have to provide copies of a full year's wageslips so that uplift calculations can be performed to see if any additional monies are due.
Increases will be taken into account - make sure that you allow for the increase in fuel/food.
We have to send in payslips every three months. Not sent in a P60 yet as there is a running total of earnings at the bottom of the slips.
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