Saving money while in an IVA

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by zara » Tue Mar 06, 2018 8:40 am
Hiya. Im in an iva. Which i done az im 28 and qant to buy my own house eventually. I juat wondered if i would be able to open up a savings account for myself and start putting spare money aside for my deposit and any emergencies. Would my iva be able to be told and would i need to tell them..
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by Foggy » Tue Mar 06, 2018 8:50 am
You can open a savings account and can make modest savings. These will be from savings on allowances and your share of any extra income, after it has been accounted for to your IP. You should not be in a position to save any significant amount and the savings account will not usually be of any interest to your IP.
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