Page 1 of 1
Posted: Wed Jul 31, 2013 9:33 pm
by purple princess
just received tax credit rebate for 2012/2013 started IVA may 2013 is this classed as a windfall or money owed to us for having a less wage through 2012/2013
Posted: Wed Jul 31, 2013 9:58 pm
by purple princess
anyone got an answer please
Posted: Wed Jul 31, 2013 10:59 pm
by Shining
Hi purple princess sorry I've no idea but maybe one of our experts will be able to give some advice but I would winging a quick email to your IP to ascertain their feelings on this.
Posted: Wed Jul 31, 2013 11:43 pm
by plasticdaft
How much is it? Declare it to your ip and expect to pay some of it over (I'm assuming its several hundred pounds).
Paul
Posted: Thu Aug 01, 2013 10:26 am
by Michael Peoples
If your IVA payments were based on a lower figure in my opinion this would be a windfall. If less than £500 you could possibly keep in but you need to let your own IP know to be sure.
Posted: Thu Aug 01, 2013 11:37 pm
by MelanieGiles
I would say it is an asset, as your right to the money was derived prior to the IVA, but in reality you could probably successfully argue this either way.