Annual Review question

[cowpie]

Hi all

I have received the paperwork for my annual review on my single IVA.

It says to cross out any outgoings/bills that have significantly increased over the past year. All our bills are more or less the same as last year.

My question is: if I leave the income and expenditure as the same as last year would they question it ? Ask why things haven't changed ?

[lifenoteasy]

If things haven't changed then they haven't changed - we have tried to ensure stability on that side.

The only time there has been a significant increase in expenditure was when we realised our first provider had not use the step change guidance as the iva was set up.

Our permissible expenditure was 25% less and finding that out helped us head off an increase in contributions because of a perceived increase in income.

[hubert]

To be honest, I think a "nothing's changed" type review is what your IP will hope for. No meetings, no admin, no expense... easy-peasy.

[Lisa Thomas]

I doubt it - they send you the form and it's up to you to be honest and disclose any changes failing which your contributions should stay as they are.