www.iva.co.uk

if my wages increase by £200 a month how much of that will go towards the £23o a month i already pay on my iva?

Hi and Welcome to the Forum

It all depends on your I & E, if you can account for the extra money being swallowed up you should not have to pay anything additional, but obviously if that is spare then your payment would be likely to rise

thanks for the quick response and welcome message,my rent is also increasing in feb and with the cost of travel rising i think i need to re adjust my outgoings is this an easy process?

It should be, just contact your IP and submit a revised I & E form with your increased outgoings to cover your payrise and all should be fine. You could also ring them

Keep us posted [:D]

Hi and welcome.

You need to do a new I&E to cover your new expenses.

Just ring your IP and inform them.

Hi Georgie and welcome. Complete a new income and expenditure and provide evidence where applicable such as increased rent. Make sure and increase all expenses such as heat and light,travel and housekeeping that have increased since the original I&E was completed. Your case manager will review this and if there are any queries will contact you to discuss or will just accept the increase offered[if one is offered at all].

Do not be concerned as ultimately it may be down to a small bit of haggling but your case manager does not want to jeopardise a perfectly good IVA or client.

Michael and the others are right. List every conceivabkle extra expense over and above what you originally put forward at the time of your initial proposal and increase those items that have gone up and the future increase in rent,. Your IP will be amenable - he/she will be fair - if not report back to this Forum!