www.iva.co.uk

Hi- Ive got my annual review, and was wondering about the i&e. I have been sent an i&e sheet that my supervisor has already filled in. But i have noticed that some expenditures are not on the list for this year -ie contingency, medical/dental, motor tax, hairdressing, work meals and repairs and service. This makes it look like i would have to pay over £100 more than i have been paying. A few things have changed ie- My partners wages have gone up slightly, and our council tax too.And petrol!! I am self employed, and am earning aprox the same, so there shouldnt be much change. Not sure what to do???

I believe the official line is, quite rightly, to put down everything that you are likely to earn and spend.

Regarding what is deemed 'reasonable' expenditure: All IPs make reference to the CCCS guidelines (If you want a copy of them, google:

'cccs budget guidelines report 2011'

...and there you have it - the full (and I believe, current) guidance document - free to download as a pdf. It is an extremely useful point of reference, and covers every form of expenditure: Right the way down to allowances for emergencies, meals at work, hairdressing, car expenditure, kid's school dinners and so on (and other items that I would not have thought to take into consideration initially).

I would assume that, providing your expenditure fits broadly within these guidelines, and that you can prove it by way of receipts, bank statements etc if so required, you should be able to factor them in at review time without too much hassle.

What's the point of of a review where your supervisor tells you what expenses you have???

Add the missing items back in and if anything has gone up or down let them know.

Good luck and remember the review is for your benefit as well as your creditors.

Paul

Which firm are you with Debbie?

I would add to or take away as necessary and that way you'll have a true reflection of what your income and expenditure is for review purposes x

Thanks for the replies. im with cleardebt. i will ring them today and see what they say!

Nothing to worry about hairdebz

I have used the Add and Omit method mentioned by Lesley for the last 4 annual reviews and never had a problem

Good luck

Fletch xx