Working Tax Credits

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ian.l

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Post by ian.l » Mon Jul 21, 2008 10:40 am
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Hi,

Being self employed with young children i receive Working Tax Credits, Would this be included in my Income figures if i were to apply for an IVA? I guess the answer is yes but i want to check. Many Thanks
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Viki.W

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Post by Viki.W » Mon Jul 21, 2008 10:43 am
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Hey Ian, welcome to the forum. Yes it would. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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Vincent Bond

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Post by Vincent Bond » Mon Jul 21, 2008 10:43 am
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Hi Ian

Yes you are right, all of your regular guaranteed income would be included in an IVA calculation, which would include all tax credits and child benefits.

Being self employed you would also need to provide some evidence of your income, so if you are considering an IVA application it is important to make sure your accounts and book keeping are up to date so these can be presented as proof of income.

All the best

Vincent Bond
Vincent Bond - Debt Management Plans and IVAs
www.vincentbond.com
0845 300 8066
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MelanieGiles

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Post by MelanieGiles » Mon Jul 21, 2008 7:56 pm
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You would also need to include child benefit as well as part of your income.
Regards, Melanie Giles, Insolvency Practitioner
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