Extra income

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply

charlie822

User avatar
Posts: 1
Joined: Fri Oct 23, 2020 8:06 am
Post by charlie822 » Fri Oct 23, 2020 8:06 am
Quote
If somebody who on an Iva receives an extra £300 per month above what is declared to their IP should it be reported? The money goes in to their bank account by standing order each month. They are also topping up their earnings with universal credit and the extra money has been kept from them too?
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Fri Oct 23, 2020 9:11 am
Quote
ALL income should be declared. The IP, if they are doing their job correctly, should also pick this up from bank statements at review.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Sat Oct 24, 2020 4:09 am
Quote
Surprised regular income has not been flagged up on bank statements by the IP. Any additional income should be declared and if it is regular income, the monthly IVA payment adjusted where appropriate to do so.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”