Hi, how much of your disposable income is DFD allowed to take ?

[Louise.63]

Hi, how much of your disposable income is dfd allowed to take for payments towards your iva? Is it all of it or a certain percentage?

[kazzafunk]

Hi Louise - not quite sure what you mean here.


If it's for working out your IVA proposal to put towards creditors then it's 100% of everything left when your outgoings are deducted from your income.

[Foggy]

All of your disposable income is the IVA repayment. They work this out by taking your net income and deducting agreed allowances and living expenses.

[relieved33]

You pay all of your disposable income. Please ensure that you have claimed for all expenses.

[hubert]

If you mean extra money (e.g overtime or bonus) then usually up to 10% of your salary you just keep.

Anything over 10% you have to pay 50% of to the IVA and keep the other 50%.

Well that's a fairly common setup, but check your terms and conditions.

[kazzafunk]

I think the good thing about a standard IVA proposal is you can usually keep anything over 10% of your monthly income used to write your proposal (so if you do a little overtime you can keep the 1st 10%) then you may be able to keep 50% of anything over 10%.

Annual pay increases are normally treated as 50% due to the IVA pot and 50% retained by yourself.

Of course you need to check your own IVA proposal to make sure this is all captured.

[Evette Everest]

Dear Louise.63,
Please contact me via the email address in my profile so I can take a look into your case and address your concerns.
Speak soon.
Thanks,
Evette Everest