john440 wrote:What if any are the implications for me if I pay off my daughters IVA from my savings
In a nutshell ---- your savings shrink!
Your daughter's IP will require evidence of the savings, usually by way of a current statement. When she approaches the IP do not use the term "pay off" or "settle" -- this involves paying the full original debt, plus fees and possible statutory interest. Make a Full and Final Offer (F&F) -- this is based on the number or repayments outstandimg multiplied by the monthly payment and can sometimes be rounded down a little.
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