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
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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