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Posted: Sun May 23, 2010 1:35 pm
by davep
Hi everyone
I am now in the final year of my iva and my final review is due next month (june). we have just had a little baby boy 6 weeks ago and i am just wanting to know how much allowance i have for a child to look after and support.
Regards
David
Posted: Sun May 23, 2010 1:55 pm
by Adam Davies
Hi David
Speak with your IP and fill out a fresh income and expenditure form, put down the extra costs on expenditure that you have with your baby. Your payments should reduce to compensate for increased costs, though you will have to include the extra child benefit and any extra tax credits
Regards
Posted: Sun May 23, 2010 2:14 pm
by 666
Don't underestimate the cost of a baby ... they may be small but you'll get through nappies like they're going out of fashion!
Posted: Sun May 23, 2010 2:22 pm
by kallis3
Congratulations Dave.
Babies do cost a lot! You do need to submit a new I&E to your IP.
Posted: Sun May 23, 2010 3:19 pm
by Daveyboi
Congratulations Dave
As above fill out a new I&E form with the IP taking extra payments but also extra credits into consideration and then focus once more on your bundle of joy and be happy you have not much longer to go before you will be debt free and in a much happier financial position for you and your now growing family.
Pleased for you
Davey
Posted: Sun May 23, 2010 8:46 pm
by MelanieGiles
Congratulations from me as well.
At the last count it apparently costs around £210k to raise a child from birth to the age of 18 - so you have a long, but very pleasurable, way to go!
Posted: Sun May 23, 2010 9:26 pm
by Sinking Fast
Yes Melanie, I think that was the figure you quoted me during our tele-con last Monday. Amazing how those little munchkins can cost so much, but the return is immeasurable.
MelanieGiles wrote:
Congratulations from me as well.
At the last count it apparently costs around £210k to raise a child from birth to the age of 18 - so you have a long, but very pleasurable, way to go!
Posted: Sun May 23, 2010 9:30 pm
by Shining
Congratulations from me too and do contact your IP as soon as to re-do your I&E.
Pampers nappies this week were £6 per pack at Tesco and they were buy 2 get 2 free, I only know as my grandchildren (well some of them) are in nappies and it was mentioned. x
Posted: Sun May 23, 2010 10:18 pm
by davep
Hi everyone
thank you all ever so much for your kind words for me and my family. I will make contact with my ip 2morro.
Thank you all
Dave
Posted: Sun May 23, 2010 10:24 pm
by Skippy
Congratulations, and good luck with your IP - let us know how you get on x