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Posted: Tue Jun 17, 2014 1:53 am
by Charanjit
if your left with 150 at the end of the month and expenditure is 700. do they take the rest if the money when it comes to a review?
Posted: Tue Jun 17, 2014 1:55 am
by MelanieGiles
Hi there and welcome to the forum
Do you mean that you have a surplus of income over expenditure that is £150 more than your contractual payment into an IVA?
Posted: Tue Jun 17, 2014 8:10 am
by Adam Davies
Hi
Your IVA payment will be the difference between your income and expenditure, if you are already in an IVA then any changes at the review stage should result in only 50% of any increased disposable income going into your IVA on top of your existing payment
Regards