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Posted: Sun Mar 30, 2008 7:27 pm
by s79
If you get a tax rebate do you have to pay it all into your IVA or is it classed as overtime and you only pay 50%.
Posted: Sun Mar 30, 2008 8:29 pm
by MelanieGiles
A tax rebate will be deemed to be a windfall and will therefore be dealt with under those provisions of your IVA.
Posted: Mon Mar 31, 2008 11:24 pm
by s79
my IVA states that any windfall over £500 has to be given to the IVA. My tax rebate was £595. Do i pay all of that or just the amount over the £500.
Posted: Mon Mar 31, 2008 11:26 pm
by MelanieGiles
£95 will be sufficient, but I suggest you put the £500 away as a buffer for a rainy day.
Posted: Tue Apr 01, 2008 12:12 am
by s79
Thank you