www.iva.co.uk

Hello, just wondering after reading another post about how much you are allowed in your current account,i am thinking along the lines of if you allow so much each month eg for car tax which is only every 6 months or 1 year do you leave it sat in your current account or do you move it to a savings account- are you alowed a savings account whilst on an iva? bit unsure on this! thanks R

You could do either Rochelle, that is your money and it's up to you whether you leave it in the bank or put it under the mattress. This is an essential expense. Yes you are allowed a savings account. X

Best to use a savings account for items like this - it is probably safer!