Will my online poker game winnings received in paypal cause problem in my iva?

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Stephend0890
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by Stephend0890 » Sat Jul 01, 2017 2:10 pm
hello im in my iva for the first year and soon will be coming up to my review the question is on my bank statements here and there i have credits from my paypal account various sums around £30 up to £100 over a course of a month but never has been more than £200 in any month, these are from playing on a online poker site which i have been winning these small amounts, there is no deposits into the site as i haven't and needed to make any. will this cause a problem with my iva? my bank statements have no gambling transactions on them at all just these small wins transferred from paypal, i been playing poker for some fun and been a little successful and no major wins as i only play micro stakes and had good bankroll management being successful.
im off the understanding that a windfall over £500 has to be paid into a iva? but im not talking these kind of wins thanks
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Foggy
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by Foggy » Sat Jul 01, 2017 2:19 pm
I doubt these will be looked at at those levels unless gambling played a part in your needing the IVA in the first place. You could well be using Paypal to be selling surplus household items on ebay.
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Stephend0890
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by Stephend0890 » Sat Jul 01, 2017 2:32 pm
thanks for quick response, yes i think it should be ok and anyway when i did my first income expenditure they included my overtime that month so my monthly income has been £160 down some months so i was ready to offset any money against this. i didn't bring it up that they got basic income wrong at the time as its allowed me to do overtime cover shifts with out the worry of the 10 percent 50/50 clause as my role is compulsory overtime when it is there, can i ask what would be a amount classed as significant windfall? also i think people may understand that i don't want to ring up my practitioner and ask i have won some money on a gambling site are you entitled to it
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kallis3
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by kallis3 » Sat Jul 01, 2017 2:38 pm
Anything up to £499 is usually yours - anything after that will be classed as a windfall.
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Foggy
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by Foggy » Sat Jul 01, 2017 2:44 pm
kallis3 wrote:
Anything up to £499 is usually yours - anything after that will be classed as a windfall.


To be clear, the windfall clause is normally operate thus: Win of £499 = all yours. Win of £501 = all the IVA's. You do not normally get to keep the first £500, but £500 is the trigger point. I have, however, seen one instance of the first £500 being kept. The devil is in the detail of your own clause wording.
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Stephend0890
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by Stephend0890 » Sat Jul 01, 2017 2:49 pm
this is based on month to month? my records show i have made $2700 in the last 12 months which is $225 month around £175 english money, so i have no worries then. again these are small amounts that add up
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luluj
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by luluj » Sun Jul 02, 2017 4:39 am
Not meaning to sound condescending in anyway - please make sure the online gambling does not become an issue - very easy to full into the trap when winning small regular amounts to just increase the stake a little more and a little more and before you know it, it has become a habit.
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Michael Peoples
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by Michael Peoples » Mon Jul 03, 2017 8:00 am
I think you have little to be concerned about and the money is yours to keep. Each win is a separate windfall in its own right so unless there was a win over £500 then the money is not captured. Perhaps your IP will not even look at the bank statements anyway as we do not ask for them.
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Lisa Thomas
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by Lisa Thomas » Tue Jul 04, 2017 3:58 pm
I'm more concerned there might be a gambling habit here...
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