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Posted: Tue Nov 15, 2011 8:53 pm
by Debbie.z
Hi All. Im wondering about why my iva proposal says i have to pay more money for the first, to the fourth month? Is this their nominees and supervisors fee, that im paying before making contributions into the iva?
Posted: Tue Nov 15, 2011 8:56 pm
by kallis3
Hi and welcome.
Have you gone directly to.am ip company or are,you using another firm to sort out the initial paperwork?
Which company are you with?
Posted: Tue Nov 15, 2011 8:57 pm
by luluj
Welcome to the forum...each person's proposal is different and set to their own circumstances - your IP should be able to give you the answer here....don't worry about asking questions, this is what they are for and they should explain this to you if it is not clearly written in your documents !
Good luck and let us know what the reasoning behind is.
Posted: Tue Nov 15, 2011 9:00 pm
by Foggy
Are you self employed ? Or si there a payment (HP or some such) you are making now that will end in a few month ?
Posted: Tue Nov 15, 2011 9:28 pm
by Gareth
Being self employed is the most common reason for this. In your proposal there should be a breakdown of your payments and an explanation of any increase/decrease. I would check this first and if no joy speak to your IVA company who should be able to help.
This should really have been explained to you by your IP
Posted: Tue Nov 15, 2011 9:46 pm
by Foggy
The timing would be about right for it to be in lieu of tax
Posted: Wed Nov 16, 2011 11:04 am
by tonyranks
AS I GOT PAY RISES MY PAYMENT CHANGED
Posted: Wed Nov 16, 2011 12:15 pm
by kallis3
That would be normal though Tony. This is a bit different I think as it appears that it does relate to self employement