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Posted: Tue Sep 09, 2008 10:39 pm
by lobstar
Hi
I have been inan IVA for 13 months now and was expecting an annual review. I have heard nothing to date. Is this unusual and what should I expect in the review.
Posted: Tue Sep 09, 2008 10:59 pm
by moretolife
we were in same situation...waited over 5 weeks and then a letter arrived saying we hadnt sent in review details...we hadnt even been asked...so sent details back with a slighty miffed letter...
this year we have pre-empted them and sent all the deatils 3 weeks before...but now almost a month later we are still waiting and confirmation that the payments are all okay for another year...if i were you i would either contact your IP or at least have everything needed at hand ready to go when they do ask
Posted: Tue Sep 09, 2008 11:00 pm
by MelanieGiles
Annual reviews should be completed around the time of your anniversary and are generally a quick check to see whether you can afford to increase your contributions. Your IP will need to see copies of wageslips, or trading accounts if you are self-employed, together with evidence of any substantial increases in expenditure. You will also need to declare that you have not received any windfalls during the arrangement.