Can I take up a company shares option while in an IVA ?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

debbie524

User avatar
Posts: 1
Joined: Sat Mar 18, 2017 8:03 am

Post by debbie524 » Sat Mar 18, 2017 8:03 am
I've been offered a new contract..it includes a payrise of 1200 a month but also my pension contribution amounts to 110..i also have to have a company car which amounts to 150..and health insurance which I pay a benefit of kind on..i loose my on call pay overall I will be worse off 200 a month I realise I can bring my payments down if needed...the main question I have is they have a company shares option and it's a massive saving opportunity am I legally allowed to take this up while in an iva?

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Mar 18, 2017 9:49 am
Any contribution towards the share scheme would have to be funded from your existing allowances. You will not be allowed to set aside a sum from your disposable income. You might also be considered to be creating a potential asset. Ultimately it will be between you, your IP and creditors to decide. Could you defer entry into the scheme ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”