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Posted: Tue Nov 23, 2010 12:05 pm
by dojoman
How much of the surplus cash on your SOA is taken in an IVA.
Posted: Tue Nov 23, 2010 12:09 pm
by 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.
Posted: Tue Nov 23, 2010 12:16 pm
by 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.
Posted: Tue Nov 23, 2010 12:20 pm
by 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.
Posted: Tue Nov 23, 2010 12:29 pm
by 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]
Posted: Tue Nov 23, 2010 10:41 pm
by 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?