Annual Review and Covid Grants

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Coline81

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Joined: Tue Oct 24, 2017 12:51 pm

Post by Coline81 » Mon Oct 11, 2021 12:22 pm
Hi....my husband and I are doing our 4th annual review with Payplan. My husband is self employed and his earnings have been pretty stable the whole way through our IVA going plus or minus 1k each year. Due to the covid grants he earned an extra 4k last year which has been included in his self assessment and we will obviously pay tax on. I'm worried that the IVA amount is going to go up by too much each month.... has anyone else been in this situation and is there any way of negotiating the amount is goes up by due to these extenuating circumstances as there's no way he will earn that amount this year.

Thanks
Coline

Foggy

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Posts: 33039
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Oct 11, 2021 12:37 pm
There were a set of amendments made during the covid pandemic to Protocol IVAs --- have a read here and see if any apply: https://www.gov.uk/government/publicati ... a-protocol
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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