www.iva.co.uk

How often do they review your income on an iva? And what info will they need?

Hi and welcome,

Normally a review is done once a year and they will require payslips, P60 and possibly bank statements.

Some companies require the information every three months and if there is a change in your income for better or worse then you need to get in touch with the company straight away.

Different firms operate differently so only your own IP can really answer this question. As well as the variables mentioned by Kallis, above, sometimes they might want monthly payslips, especially if you are in am employment where income fluctuates a lot. What they require could also change during the course of the arrangement. one year not wanting much at all and the next wanting to know what you had for breakfast !

If your circumstances change mid year, or the budget becomes a challenge you are free to seek a review at any time. Don't be afraid to ask for one !

We ask for P60s and any wage slips that have not already been provided during the year. We also ask for any evidence of major budgetary changes but we do not ask for bank statements to see if you shop in Waitrose or Lidl.

Life is too short!