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Posted: Sun May 12, 2013 6:48 pm
by john.jk
I will soon be starting an extra 12 months of my IVA due to the equity release clause
Do I need to have a final yearly review or do I continue paying the same as this year
Thanks
Posted: Sun May 12, 2013 7:01 pm
by Shining
I would think there will be a review as per usual but do check with your IP for a definite answer.
All the best with your final year you're almost there.
Posted: Sun May 12, 2013 7:39 pm
by luluj
There should be a normal review undertaken - good luck - you really are now within touching distance of the finish line - well done
Posted: Mon May 13, 2013 11:52 pm
by todd71
Hi,
My 12 month extension to my IVA finishes on the 24th June 2013 well PPI/VAT allowing of course!!!. I just had a normal annual review but contact your IP to confirm.
Good luck
Posted: Tue May 14, 2013 12:28 am
by MelanieGiles
Yes - there should be a normal annual review at the end of the fifth year, and if your disposable income has increased then you will be required to pay higher contributions during the sixth and final year.