IVA and DLA

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william317
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by william317 » Mon Jun 19, 2017 9:32 pm
Hi, In a iva is DLA taken as income?

Thanks
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Foggy
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by Foggy » Tue Jun 20, 2017 6:48 am
Hi -- it is usually taken in on one side of the I&E balance sheet and then counteracted by equivalent expenses on the expenditure side, so is negated. However, a few IP's do use it as income to increase your IVA repayment !! It should be allocated to the expenses it is designed to actually cover.
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kallis3
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by kallis3 » Tue Jun 20, 2017 7:54 am
My husband had his taken into account but we were allowed to have a motability car when he was awarded the higher rate.
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Michael Peoples
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by Michael Peoples » Tue Jun 20, 2017 10:51 am
We do as Foggy says and list it as an income but exclude it as it is needed for additional costs over and above the guideline figures. Some firms do use it for IVA payments so make sure and shop around.
redboxtree
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by redboxtree » Tue Jun 20, 2017 6:43 pm
Some do - some don't.

However with the transition to PIP you need to ensure that the DLA income is ring-fenced as PIP is a higher standard with a large number of people no longer qualifying.
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