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if i take out an iva and start to get my finances back on course, my plan is to do some serious saving, to avoid this situation again, my concern is if i have my savings in a savings account and 4 years in i have a substantial amount, can it be taken as part of my repayment, saving this way would be pointless if this was the case...

I think this has been covered before. Provided your savings are from genuine "cost-cutting" measures, then the money is yours to do with what you want.

If you have deliberately overstated your expenses in order to reduce the amount you pay to your IVA, then I think your IP would be asking for additional contributions. (for example, saying your rent was £450/month when it is actually only £300)

An expert might give a better view, but that's the way I have understood it.

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If you have a substantial amount in your savings at the end of an IVA, this can only mean that your income and expenditure has been worked out incorrectly during the IVA - or that you have been earning higher amounts and have managed to save up your share of the 50% uplift.

If the latter, then this cannot be taken from you, but do remember that modest savings are a good idea during the IVA as a method of saving your contingency monies so that they are there when they are needed.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

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