www.iva.co.uk

Hello

I am hoping someone can give me some much needed advice and apologies if the post gets a bit long!

So my husband has an IVA and it was all going well.

However, recently we have had some issues and I want to know whats what before I even attempt to do something about it.

So, firstly his earning for tax year 14/15 are £5000 less than tax year 13/14 however, at his review in October 14 his monthly payments have gone up by £80 a month. The option was to increase payments or add another year onto the term? So we increased payments. It was only recently when I compared his P60's that I noticed this issue.

Also, my husband has never received a review through the post (I believe this is a legal requirement). So we have no idea what his current IVA situation is!

And finally, he has a company van which is paid for through increased tax payments. He is thinking of giving it up, which will give him about £300 per month extra - will that mean his payments increase? Im unsure whether his payments are based on net or gross salary.

My husband isn't very good on the phone at getting these answers and I am getting a bit bored of being in the dark and was hoping you nice people may be able to help me!

It is difficult to answer the queries as I do not know the case or what figures were used when the proposal was drafted. However if his income did not increase then his payments should not have been increased either unless he failed to pay uplifts that were due. The annual report should have this and he should request a copy of the original I&E and the new one which lead to the increase. If he has not had a copy of the report he should demand a copy of them all.

If he gives up the company van he will then need transport of his own which would mitigate the reduction in tax.

I suggest he rings his IP and gives authority for you to discuss his case and you could then get all the answers you require.

The increase in payments sounds more like they are trying to recoup extra payments that were due ( overtime / bonus payments and the like)as they would not normally offer an extension to cover an increase due to a pay rise.

Rather than the phone try an email, requesting that the questions be replied to by email.