Wondering what my monthly payment to IVA would be if I returned to work ?

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Sophi.05

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Post by Sophi.05 » Wed Oct 08, 2014 9:59 pm
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I am currently out of work and I pay 203 per month for my iva if I return back to work how much roughly would I pay each month if I worked 16hours paid weekly mimumum wage
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relieved33

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Post by relieved33 » Wed Oct 08, 2014 10:49 pm
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Hi. It would depend on your expenses, work travel, lunch etc. You would pay the increase in net income.
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relieved33

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Post by relieved33 » Wed Oct 08, 2014 10:50 pm
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Speak to IP as you may get to keep some as incentive to actually work perhaps.
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Michael Peoples

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Post by Michael Peoples » Thu Oct 09, 2014 9:58 am
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Bear in mind any benefits are likely to be cut so you may not have any extra to pay at all.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Adam Davies

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Post by Adam Davies » Thu Oct 09, 2014 10:29 am
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Hi

Good point made by Michael

IVA payments are based on your disposable income, money left over after your living expenses are deducted.

Your expenses may change due to travel costs, will you have any childcare costs ?

Regards
Andam Davies
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