www.iva.co.uk

Good afternoon,

I'm new to here, but I often read the posts which prove very informative when I need a question answering about my IVA.
Now I need a bit more help...

I am 34 payments into my IVA and have received my third annual review through today to complete. My provider has now changed to Grant Thornton from Wilson Philips.

For reference they have sent me through my I&E from 3 years ago, however my circumstance have changed considerably from then (I now have a child, and our outgoings have increased). Wilson Philips were aware of these changes each year. Are Grant Thornton going to be asking questions about such large changes to my outgoings that have occurred over the last three years? For example my rent has increased from £400pm to £525 as I'm in a larger house, as has my council tax, not to mention the increase in energy prices.

I have no problem proving these changes, however I just want my review to be hassle free as it has been the last two years.

Also, where as we have been used to providing the last month's payslips each year, we have now been asked for the last 12 months, and our P60's. Again, I don't have a problem with them seeing these, but why do they need our P60's when they will have 12 months wage slips, or vice versa?

Many thanks in advance for your help. You all provide such good advice, and it's nice to know there is help when needed.

Debs

Hi Debbie,

On the whole, we do have positive reviews with Grant Thornton, so I think you will be ok with them.

I am sure that your review will go through ok. You can provide the information about your rises, so I would think that wouldn't be a problem.

I don't know why they would require both, but that is obviously the way they operate.

Well done on reaching three years in as well.

They should have sent you the I&E which was used for the last annual report as a guide to help you complete the current one. I suggest that you give them a ring and they are sure to send you the right documents out if you did not keep a copy of your own.

Many thanks to you both for your advice - I will give them a call tomorrow.

Two further question I have, which have cropped up as I've got my documents together:
I am unable to locate two of my husbands wage slips for last October and February - will this cause a major problem?
Also, I received a lump sum payment of £160 in February - this was back pay of my salary from the previous June, and was below the rate of inflation. Will my IP be expecting to receive some of this payment? If so, I am unsure what to do, as this was used to service and tax my car.
I will be receiving back pay at some point over the next few months (as my pay is being negotiated) so it would be useful to know where I stand on this for next year.

Thanks in advance - you'd think I'd know what I was doing with this by now! I have a major panic every August, even though I know I have nothing to worry about!

Your IP can work out the missing figures from the payslips using your cumulative figures from the following ones - so no real need to panic, but do explain to them the reasons why they have been lost.