I am with BE & they work out the following regardless:
Council Tax paid over 10 months for a 12 month period. They (BE) divide it over 12 months, making your Council Tax payments "Lower" than what you "actually" pay.
Water Rates paid over 8 months for a 12 month period is worked out the same (over 12 months) making it "lower" than what you "actually" pay.
So effectively you have a budget eating into other allowances - because they are not true to effect in those months.
I really struggled with this in the first year of our IVA & sometimes had to miss a month with the Council tax & Water n catch up later.
Though on the plus side - we are trying to cope this year & aim to keep our months of non payments "free" so to speak.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
I always put down the normal payment for the council tax and water rates as well, and have also never been queried about it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have always put down what I actually pay - but BE are the ones whom do the maths & adjust it.
Same with Child tax credits & Child payment, as its paid every 4 weeks we get 13 payments a year. So they add up 13 payments & divide it over 12 - giving you more income than what you actually get.
Hope you understand what I mean & Im not complaining!
But I suppose its better than having to hand over the pay free months n save them for contingencies. Especially as we often find we have to use other expenditure to cover the amounts deducted.
Our local council will not let us pay over 12 months - but will let you miss a month & add it on the end.
Last edited by MrsKnight on Wed Jun 16, 2010 4:51 pm, edited 1 time in total.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Im looking forward to mine! [:D]
So far in our IVA, we have had to miss a month n add it on the end - when it supposed to be "free".
Im working hard on keeping those months *free* this year x
Last edited by MrsKnight on Wed Jun 16, 2010 4:55 pm, edited 1 time in total.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
It's a great feeling knowing that the money for those two months is yours, plus the water rates.
Comes in handy for me as daughter's birthday is in May so at least I have some money to spend on her.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I had planned to use the money from the free two months to pay for the car tax and MOT due in May. Unfortunately my partner was out of work for those two months so had to use the extra money towards the very tight budget I had for those months. At least I was able to pay the IVA.
Fortunately my partner got back in temporary work when car tax and MOT due so his wages paid for that. Fingers crossed his contract gets extended end of July.
I think we all need a bit of a break from our IVA after months of scrimping and saving.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
