www.iva.co.uk

Hi

It has come round for me to do my annual review. This year they are asking for my partners income aswell. Would this affect my contributions or if my partner would have to provide to my contributions.

There is a table for me to fill in the expenditure. In the past I have just filled in the values for my contributions, should i put the total value in now. How should fuel/petrol be handled. Ie should I put a total value for how much fuel me and my partner use or just myself.

Thanks in adanvce
Blair

Hi
I would do a joint income and expenditure form, however take advice from your IVA company
Regards

Hi Blair,

I'm sure they will only be wanting to make sure that your partner is contributing towards the household income.

This may well free up more disposable income for you to pay across to your IVA.

Just make sure you put down everything you spend, for both of you.

We would always look at the family position regarding income and expenditure, to ensure that you are both paying fair shares towards the shared household expenditure.

Seems odd that this is the first year you have been asked for this though.

Hi Blair

Yes - as the others have stated this will usually be to ensure that your partner is contributing a fair share to household expenses and the IVA monthly payments should only be based on your DI.

Hope this is of help

I'm coming up to my annual review and previously my wife and I had similar income so I contributed 50% of household expenditure.

However she is now only part-time and I am bringing in over 75% of income.

Can I claim more as an allowance in my IVA becuase of this?

Hi Hunter,

Your contribution to the household expenses should be proportionate to your contribution to the household income (in your case 75%)

Ensure you advise your IP that your circumstances has changed and you I&E should be adjusted accordingly.

Hope this has helped

You do need to inform your IP of your change in circumstances.

I'm sure it will be sorted out ok when you do your review.