do they class child benefit as an extra

[billy.m]

i understand i have to pay 50% of any extra monies i receive.i am happy to do this but what is classed as extra,do they class child benefit as an extra.this is the one i am not sure about.i have been keeping money aside which came from overtime etc but not from benefits
thanks for you help

[mish1953]

Welcome to the forum.

Are you taliking about IVA or bankruptcy as there seem to be some differences in the way child benefit is handled .

In BR Chb is not counted as part of your income.

Cheers
Mish

[MelanieGiles]

An increase in child benefit is not classed as income for the purpose of calculating 50% uplifts.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Adam Davies]

Hi
Presuming that child benefit was included in your income that was declared on your I+E form for your IVA then when you update those details,at your annual review,you will include any increase in your new income figures
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[billy.m]

thank you very much for the replies
i should have stated clearly that it was an iva i was in and not br.
the child benefits were declared in the original income & expenditure
i was just concerned that if it was classed as an extra income i was not putting half of it away, and would end up with a large bill at review time
once again thank you

billy