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Posted: Sun Jun 14, 2015 1:30 pm
by Emmad157
hi my daughter has got a job she has just turned 18 will she be included in our iva plan 3rd year just completed regards craig
Posted: Sun Jun 14, 2015 1:44 pm
by Foggy
It is a possibility if your IP is with Payplan ( I have seen it happen before). In any event your allowances will change as she is no longer a dependent, and will be expected to pay her own way and share of household expenses -- which will affect your repayment.
Posted: Sun Jun 14, 2015 2:09 pm
by lifenoteasy
I would suggest agree an amount for rent etc., claim the normal allowance for an adult and then pay the IVA the difference etc.
We intend doing that with the impact that any "rent" will be paid to the IVA.
Posted: Mon Jun 15, 2015 1:03 pm
by Michael Peoples
You could lose any child benefit/tax credits paid for your daughter so the overall family budget may be unaffected. Indeed if she moved out you could be worse off so update your IP. If you can still afford the payments there should be no real problem and hopefully next couple of years fly by.
Posted: Mon Jun 15, 2015 1:09 pm
by lifenoteasy
We lost child benefit and maintenance when child went into apprenticeship pre 18.