Second annual review and payments have increased substantially. Can they do this ?

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Sarahd7775

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Post by Sarahd7775 » Mon Dec 15, 2014 11:16 am
I have had my second annual review and my payments have increased from £291 to £429 per month. They are saying that the pension contribution for myself and my husband are not included and also trust fund payments for the kids however they were agreed last year - can they do this ?
 
 

Adam Davies

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Post by Adam Davies » Mon Dec 15, 2014 11:45 am
Hi

I would raise this direct with your IP, standard pension payments should be included if they fall within protocol levels, I don't think children trust fund payments would be allowed.

Very strange that they were allowed in your first year

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Andam Davies
 
 

Foggy

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Post by Foggy » Mon Dec 15, 2014 1:37 pm
I would argue that they were allowed in the first year and, therefore, were agreed by your creditors as allowable expenses. As such they ought not be able to back track on the agreement.
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luluj

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Post by luluj » Mon Dec 15, 2014 6:55 pm
We paid a basic pension each month and had to stop our additional contributions whilst the IVA was ongoing.
Speak to your IP and seek their support in this ..if they were agreed last year can't understand, like foggy, how they can no longer be included
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Shining

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Post by Shining » Mon Dec 15, 2014 7:58 pm
That's a big jump and as others suggest do talk to your IP or a senior team member, ask why they were allowed in the first year and now not so.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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