OK so bit about us so you guys can hopefully advise us.
My husband has an iva only in his name not mine. We are home owners but the house is in my name also.
My wage has been taken into account for household income and also my student finance money.
I have managed to save my student finance money without the need of spending it (however we had to justify to the iva why we wanted to keep it and show it being used within our household budget etc) but I have scrimpped and saved and have £5k in the bank. My husband had a car crash last year and is due a pay out for pain and suffering (need to tell iva about this still but dreading the thought of them just taking if from us) it's going to be about £3k.
I guess what I'm wanting to know is.... The £5k from my student finance am I allowed to have saved that as my money? And if so can I gift it to my husband for a full and final payment with him putting his crash money with it as well?
Or will iva take my savings off me as soon as they find out I have them?
Like I said iva is in his name only.
I'm with vanguard if that makes any difference... Not sure if they are good guys