I'm not sure Wonder. I thought that I was still retiring at 65, but thinking about it I'm worried that it might have gone up to 67 or 68 - not a nice thought!
I heard they are going to stop retirement altogether. Instead when your 60 they take you to a field so you can dig a hole, you work until you drop and the hole is already prepared.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
I'm hoping to win the lottery at some point soon, but i just gotta remember to buy ticket. Dont want to work til I drop. Might have to find a rich man! [:D][:o)][:D]
MelanieGiles wrote:
To answer Paul I would firstly consult CCCS guidelines to see what the payment bands are. For a family of five the recommended minimum expenditure is £347 per month with a maximum of £550 per month. So £400 fits within the guidelines, but in my opinion is low - and I usually operate at the maximum level.
Secondly I would ask my client what they generally spend on shopping on a weekly basis, to include incidentals such as bread, milk and convenience items which are generally forgotten but can add up. If the figures quoted generally fell within the guideline figures then I would satisfy myself that the budget was actually affordable.
I would also ask the question of both husband and wife to ensure that both were singing off the same humn sheet.
I am reliably informed that creditor's reprensentaives are monitoring exactly which practitioners are always showing the "maximum" in any given band of allowable expenditure.
We ask all of our clients to list exactly what they are spending over all classes of expenditure.
So if the figure given by ivas4us is that which he thinks he can manage with so be it. Not everyone eats and spends the same and I don't think it advisable to put the maximum just because the maximum is there. If ivas4us finds he cannot manage then he can refer back to me as his IP.
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.
Sorry David,
This shouldn't reflect on you or cleardebt at all. I put £400 an my IE and still maintain that my iva will be achieavable with the figure I submitted. When I put £400 I wasn't aware of thr forum or what figures had been used by others and also wasn't aware of any guidelines, but I still feel it is the correct allowance for our current circumstances.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
David - if you are pointing that barbed comment at me, can I please make it clear that I enjoy excellent relationships with the creditor voting representatives and have no problem in justifying my proposals to anyone who has a direct interest in them.
If creditor represntatives have an issue with me, my firm or my policies, they will discuss it with me directly.
