I'm living alone and and am in an IVA but will soon be moving in with my partner and so expect some savings on household bills etc. My question is: will I get to keep some of the savings or will it all go into the IVA?
I've seen posts where in the event that you're in an IVA and change job for example and the new job pays more then you get to keep 50% of the additional income as an incentive and the other 50% is paid into the IVA. Is this the same with the savings I would make from co-inhabiting?
You will need to speak to your IVA company and do a new I&E to sort out your new expenses.
It's not quite the same as a payrise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi when your I&E is next review your adjusted net disposable income will be taken into account and if its increased due to savings on joint expenditure then your contributions could be increased accordingly.
