One-off Govt payment

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graham293

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Post by graham293 » Thu Apr 01, 2021 4:43 pm
Hi. I'm in an iva with Creditfix and i qualify for the government one off £500 payment for working families in receipt of tax credits. Will i be able to keep that money

Foggy

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Post by Foggy » Thu Apr 01, 2021 4:57 pm
That is a very good question, and I am afraid that I do not know the answer ---- my gut feeling is that it is yours to keep .... the Government state on their website that it is not counted as income for tax purposes, nor is it to be regarded as income for any benefits. After all it is not a 'cash handout', but a repayment of extra expenses incurred during lockdown. I would like to think that IP's look at it in the same light. But, as is often the case these days, it is impossible to guess which way CF will jump ! Only they can tell you .... and, I am sure, we would ALL be interested in the answer !
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

graham293

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Post by graham293 » Thu Apr 01, 2021 5:06 pm
Just recieved the answer... Yes, its mine, all mine yayyyy

I dont why, they where not very sepcific. I'm not sure if its for the reasons you mention or if it falls within there windfall max amount which is usually £500 i believe. Either way, my teenage daughter and i are going to have a lovely month in May.
Thank you for replying. :D

Foggy

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Post by Foggy » Thu Apr 01, 2021 5:07 pm
Excellent news ! I am pleased to hear that they are taking a humane view.
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

kallis3

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Post by kallis3 » Thu Apr 01, 2021 5:18 pm
Great news, so glad you get to keep 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

graham293

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Post by graham293 » Thu Apr 01, 2021 5:32 pm
Thank you, sooooo pleased
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