www.iva.co.uk

Since taking out an IVA last year I am worried that any excess we have in our building society account will be asked for by the IP.
Does every single penny have to be given to them or can we not have some to ourselves?
Should I move money to another account?
I am not talking millions here, just about £1500?

Any monies you manage to save from your allowances as well as your share of overtime and bonus payments are yours to keep and will not be expected to be paid over into the IVA.

As well as this, there are categories of agreed allowances that have to be save up: contingency fund, road tax, etc.