Income Surplus

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Slekclarke

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Joined: Tue Mar 12, 2013 1:47 pm
Location: United Kingdom

Post by Slekclarke » Sat Sep 02, 2017 2:13 pm
Hi, just received my 4th annual income and expenditure. All is good except my income surplus has gone from £719 to £762 does this mean I am now expected to pay an extra £43 ☹️? It doesn't say in documents my payment is going up. I know it's only £43 but that's a lot when you haven't got much!! Thanks as ever for everyone help and support x
4 years in :lol:

Foggy

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Post by Foggy » Sat Sep 02, 2017 2:38 pm
Your payment will increase if your disposable income has increased. How has this increas come about? If your income has increased only 50% should go towards the IVA payment.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Slekclarke

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Posts: 142
Joined: Tue Mar 12, 2013 1:47 pm
Location: United Kingdom

Post by Slekclarke » Sat Sep 02, 2017 8:06 pm
Hi, not sure suppose it small incremental pay rise and the extra money we are allowed to earn tax free. I assume they will tell me I need to pay extra. I would have thought it be on the letter though they sent out?
4 years in :lol:
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