Hi, I have been in an IVA for just short of 3 years. I was switched to vanguard last year and this will be my 1st review with them.
They are asking for my partners income which my previous company never did. This is fine and I'm okay with giving these details, however, just confused when filling in my new I&E, now I include his wage on the income do I declare the full amounts of a bill or only my share as I have done previously? Eg. The rent is £850 I pay £425 which would I use on the I&E?
Also would I then need to declare his outgoings?
His personal outgoings do not get taken into account. They want his income to calculate his pro-rata share of household expenses --- which it seems you split 50/50 ..... assuming you earn much the same as each other this will still be the case. You would declare the full expense, for them to apportion.
Many firms ask this at the start and then rely on the same split going forward.
He is entitled to refuse -- his finances are his business, after all -- in which case they will assume a 50 / 50 split in any case .... or, at least, that is the usual practice.
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