IVA monthly contributions
When our IVA was set up the payslips we supplied were averaged out over the 3 months to work out what we should be paying. Since they were provided (in march) the IVA was set up and my takehome pay changed (increased) due to changes to my company health/benefits scheme. I am concerned that we are now better off than we should be! Typically when in an IVA, what percentage of takehome pay are you normally left with?
It really depends upon the terms of your IVA proposal. Generally creditors will expect you to pay over at least 50% of any additional disposble income derived from pay increases, but probably best that you check this out with your own IP.
