www.iva.co.uk

I have just had my IVA aproved. however if i get a new job with higher salary what % of the increase will i have to pay to my creditors?

Hopefully nothing. With todays rise in practically everything petrol, rent etc etc you can probably offset it against these so you do not pay anything additional

That will be covered by your proposal and chairmans report Mark, so check those documents. As Ray rightly says make sure you offset any allowable increases in expenditure. If nothing else, ensure you properly account for any extra expenses you will actually incur in connection with the new job.

Ian

thanks guys for that

Most IVA proposals these days allow you to retain the first 10% of any increased income in any case, so best to check the actual terms of yours to be sure.