Interesting question Jan (Kallis 3). If it is a tax benefit then it is part of income. My guess it would be caught by the IVA. If any of my IVA clients received it I would allow them to keep a minimum of 50%.
However if the IVA client had some unforeseen expenditure - broken washing machine/hoover or dyson/fridge/cooker or repairs to home - then I would be happy for them to keep it or most of it.
Last edited by David Mond on Tue Nov 04, 2008 11:44 pm, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
If people can genuinely claim this benefit, it is definately additonal income and would have to be included in the IVA subject to the provisions for additional income contained within the terms and conditions of the individual voluntary arrangement.
ok andy i will leave it with you it is genuine my friend has been paid their fee is taken from the allowance i know the clauses in most of our iva`s will take half of it but that still leaves £200 which is a tidy sum as you know being in an iva yourself once, i just wish there was a way around not paying a fee for it [:I]
You don't need to pay a fee on it - if the claim is right posters should write to their tax offices and make a claim - it would only be the cost of a postage stamp.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
