Hi all, Im hoping to start my own company in Sept. I am doing this to get out of the benefits circle and for a better life financially for me and my 3 children.
I have a business plan done and my income will be going from £2200 pm to hopefully £3500, then tax etc.
How do the IVA treat extra income. Will they increase it but also allow me to have a higher disposable income?
I'm panicking as I have requested and been granted 1year career break. If im honest I foolishly didn't consider my IVA. I have 4 years left at have about £16k outstanding.
My dad doesn't know about the IVA and planning on keeping it that way, as i cant back track now
Also is it possible to open an online business account with an IVA? Anyone use Starling bank?
Any help and advice would be greatly appreciated.
Many thanks in advance.