www.iva.co.uk

Hi I have just had my annual review and because I had a 70p an hour payrise they have said I have surplus income. They want a payment of £248.13 within 14 days. I don't have this money spare. I forgot to inform them of my payrise due to my friend and colleague leaving and just dying from cancer. I took over some of their job. My mother is also very I'll. I'm so upset and in tears. I rung them and got to wait for them to bring on Monday. What could happen please. Thanks Sarah

First ... read your proposal. In most cases a permanent payrise isn't taken into account until the review and any increase in payments takes place a month after the review. See if this is what your arrangement says.

If you haven't got the usual clause and the money is payable I am sure the IP will agree to either paying in installments, or adding an extension on at the end of the term to make up the arrears.

Who are you with ?

Hi I'm with Harrington Brooks and it says on the review an increase of over 10% I have to pay 50% of it I don't have it. I recently lost getting tax credits as well as my son now 16 and left school. Thanks

Is all of what you have said reflected in your income and expenditure review?

the 10% 50/50 rules you have described relates to overtime payments, not to permanent pay rises, which is usually 50% of the net increase after review.

Hi it is a permanent pay rise. The only pay rise I have ever had. Thanks I'm in year 5, so don't want them to fail my IVA because if this.

I did put all income and expenditure in my review.

It is in no-ones interest to fail it -- I would think an extension would suffice, assuming the money is actually payable.

Also make sure your allowances still include your son - whether he has left school or not you are still financially liable to support him until he is 18.

Is your son going on to further education at all? If so then you should be able to continue with the tax credits.