SURPLUS CASH IN AN IVA

[dojoman]

How much of the surplus cash on your SOA is taken in an IVA.

[Shining]

I think that your IVA payment is made up of your disposable income after your allowances for your basic living costs are taken into account.

[Skippy]

Lesley is right, all of your disposable income is payable to the IVA, and as far as I know this will become the case in BR as well.

[dojoman]

Thanks for the quick replies, I thought that this was the case, but someone on another forum I frequent reckons they are only paying back 50% with Grant Thornton.

[mole]

Hi Dojoman
Once your IVA is agreed and a fixed monthly amount in confirmed. If your Disposal Income then increases you will only pay 50% extra of this increase into your IVA. So a large payrise just after acceptance is the best possible outcome. Just wish it would happen to me[:p]

[MelanieGiles]

That is not possible - unless Grant Thornton have some secrets they would like to share with the rest of us! Perhaps they mean that they are only paying over 50% of their increased disposable income after having an annuasl review?