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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 3:09 pm
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if i get the above now will i have to inform ip will they take it its child tax credit
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Foggy

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Post by Foggy » Thu Sep 03, 2020 3:22 pm
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It is extra income and around half of the tax credit award will be payable to the IVA -- most likley to be treated as a 'pay increase'.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 3:29 pm
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What about if my wife gets carers allowance
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 3:32 pm
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My wife gets carers allowance for our child is that ok
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Foggy

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Post by Foggy » Thu Sep 03, 2020 3:44 pm
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Thu Sep 03, 2020 3:32 pmLahoretiger wrote:
My wife gets carers allowance for our child is that ok
It depends on how the IVA was set up at the start. If they used your income only, then it makes no difference what the wife gets, but, if they used hers as well then it counts as income and is payable --- this should all have been discussed at the start.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 3:55 pm
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Ok txs but dla for my child i need to apply for her that should be ok ?
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Foggy

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Post by Foggy » Thu Sep 03, 2020 4:03 pm
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Thu Sep 03, 2020 3:55 pmLahoretiger wrote:
Ok txs but dla for my child i need to apply for her that should be ok ?
Usually DLA is counted as income, but balanced out by the expenses it is meant for.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 4:13 pm
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Ok how can they find out my wife gets living allowance
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Foggy

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Post by Foggy » Thu Sep 03, 2020 4:42 pm
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Thu Sep 03, 2020 4:13 pmLahoretiger wrote:
Ok how can they find out my wife gets living allowance
As I have said before it depends on whether your wifes income was taken into the IVA payment --- if it was they will check and see the DLA on bank statements. If it wasn't, it will not be taken into account now.

USUALLY a partners income isn't taken into account, except to work out their share of household expenses. But, some firms DO take it into account and base the IVA payment on household income rather than only the income of the person in the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 4:51 pm
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Will this be on the iva agreement that step change sent
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 4:58 pm
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When i got iva they did not ask for her statements just how much u earns a month i told them 290 a month she earns
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Foggy

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Post by Foggy » Thu Sep 03, 2020 5:11 pm
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What income is mentioned in your paperwork --- is it just yours ? I think ( but things change) that Stepchange only use the income of the person in the IVA and so the wifes income and DLA paid to her will not be counted.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lahoretiger

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Post by Lahoretiger » Thu Sep 03, 2020 5:18 pm
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It says monthly income
1. Mines
2. Partners
3. Child benefit
4.Dla
They didnt ask for her bank statements just mine if she applies fo carers allowance she will get 240 a month
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Foggy

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Post by Foggy » Thu Sep 03, 2020 5:21 pm
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If your agreed allowances plus the IVA payment equals your pay, then the IVA is based on your income only.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Thu Sep 03, 2020 5:22 pm
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You will need to declare it but it should be offset against your needs.
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
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