Your creditors will expect you to pay as much as you can into the IVA. If you are able to make savings from your allowances then this is possible, but you will not be allowed anything specific towards savings, apart from the usual contingency allowances. Your IP ought to be able to tell you more about this.
right well i want to put towards a deposit on a house after my 6 yrs is up and would want to enter into a mortgage again. They have worked things out to a set amount each month. i have struggled without any luxuries for about 6 years so having the IVA will allow me to hopefully relax a little, but i still intend to really budget and want to really save a little bit.
If they want me to put as much into it would that mean paying IVA off earlier? as they tell me that im stuck to the 5 yr payment plan.
