Available Income

3 posts Page 1 of 1
Post Reply
 
 

karendwickhama

User avatar
Posts: 25
Joined: Mon Oct 21, 2013 3:32 pm
Location:
Post by karendwickhama » Sat Oct 26, 2013 12:10 pm
Quote
Can anyone advise if your 'contingency' allowance is all you are allowed to have as 'spare income' each month after outgoings?
Top
 
 

kazzafunk

User avatar
Posts: 4749
Joined: Sat Mar 19, 2011 6:47 pm
Location: United Kingdom
Post by kazzafunk » Sat Oct 26, 2013 11:04 pm
Quote
Yes - but you need to make sure you have captured every expense you have on your income and expenditure calculation.

You may find you can save a little from some allowances every month and if you are lucky to be offered overtime, bonuses or receive pay increases you may be able to retain 50% of this.
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Sun Oct 27, 2013 8:15 am
Quote
As Kazzafunk says if you earn extra and paid your share to your IP then the other is for you to do as you wish with.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
Post Reply
3 posts Page 1 of 1
Return to “Cost of living in an IVA”