1) How much of the additional 5k per year are we actually likely to get? how much goes into the IVA?
2) Would a company lease car be an issue whilst in an IVA?
3) We don't really want to bring the IVA up with the potential new employer but is it necessary?
Any advice or experiences shared is much appreciated
1) They will be entitled to 50% of the net increase in income (assuming you are both in IVA's). That will be the £5k extra less any additional expenses.
2) The lease car shouldn't be an issue, although your current allowances re vehicles will need to be adjusted and might increase your disposable income (again assuming you are both in IVAs).
3) As long as they don't credit check and debt solutions are contrary to the terms of employment don't mention it.
The above comments relating to both being in IVA's apply to most IVA providers. If you are with Payplan, they take a different approach and includehusehld income regardless.
Fingers crossed your wife is successful on her application.
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