www.iva.co.uk

Sorry if this question has already been answered but i am in the 1st 6 months of my IVA, I have the opportunity to buy shares as part of a 5 year share save scheme.

Firstly would i be able to do this within the rules of the IVA.

Secondly will my supervisor see the money i use to buy shares as excess income and will this then be taken away when it comes to my annual review?

You need to get approval from your IP but if the money to buy the shares comes from your own allowances I see no problem. Your IVA should complete before the shares mature so they would be exempt from the windfall clause.

You would need to get permission from your IP in writing to protect yourself as you would want to ensure that on maturity they would not be grabbed if the IVA was still live.

I agree with Michael's comments --- if they are from your usual, allowed, expenditure there should be no problem. But get it in writing first !

Fair play to you if you can do this within your allowances but as others have said have it in writing that it is ok to do from your IP as would hate you to be then told any maturity etc has to be paid across into the IVA.

Good luck and let us know how you get on

Thanks for all the responses,very helpful! I'll speak to my IP and let you know what he says. Thanks again.

Hi

Only possible issue is that any increase in share value may be deemed a windfall so do check this with IP and ensure everything is put in writing

Regards

Unlikely senario but a huge spike in the share price - could the money be re-invested in buying more shares? without going down the road of fantasy were you make enough to pay your IVA off in full (nice thought though)