It might feel like the IVA is holding you back -- but in 4 years you will be debt free --- the unpayable debts would have held you back much longer. Going self employed will affect the IVA in so far as you will need to make sure that you can make the agreed payments. As a sole trader you will not b...

<t>Hi, I’m a qualified electrician and I’m thinking of going self employed next year. <br/> With this I will need a van and some sort of budget for insurances etc. Also will need account with wholesalers...<br/> Can anyone help with advice on starting up your own buisness whilst on an iva? I’m 1 yea...

Hi I’m currently working as an electrician for a company. I would like to go self employed next year and go at it alone! Obviously I’m going to need a van etc to set up. What are the complications with this? Does it really affect the whole iva? I’m only 1 year in. Part of me wishes I could pay it of...

Thanks for your reply. I’m with step change and I’m just so confused by it all now. I was unaware that it could go up so high!

This is the response I had when I asked what effects does a pay rise have on my iva. Can some explain this in laymen’s terms... 😫 Thank you for your recent email. If your pay increases by more than 10% a review will need to be completed as you’d be exceeding your current threshold every month. You’d...

Thanks for the reply.

Ok so would they only take 50% even after my annual review?

Right guys this is my first post on here so bare with... Currently paying £221 pm for 60m. We’re due our second child and universal credit will be increased by about £200. Also I have been promoted at work and due a significant pay rise. I have re worked my surplus and it’s coming out around £750!! ...