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T O P I C    R E V I E W
bic Posted - 18 February 2009 : 18:08:55
i have read somewhere that if you get an ipa it is 50 to70% of your disposable income. Is this true and how does the or decide whether it is 50% 0r 70%

thanks
4   L A T E S T    R E P L I E S    (Newest First)
jurgenpie Posted - 18 February 2009 : 20:01:18
Found this on another site:
This is a table of IPA percentages that you can expect to pay on any surplus income:

1st Column=SURPLUS INCOME
2nd Column=AMOUNT TO BE PAID
3rd Column=% OF DISPOSABLE INCOME


50 Nil
60 Nil
70 Nil
80 Nil
90 Nil
100 50 50
110 55 50
120 60 50
130 65 50
140 70 50
150 75 50
160 80 50
170 85 50
180 90 50
190 95 50
200 100 50
210 105 50
220 110 50
230 115 50
240 120 50
250 150 60
260 156 60
270 162 60
280 168 60
290 174 60
300 180 60
310 186 60
320 192 60
330 198 60
340 204 60
350 231 66
360 238 66
370 244 66
380 251 66
390 257 66
400 264 66
410 271 66
420 277 66
430 284 66
440 290 66
450 297 66
460 304 66
470 310 66
480 317 66
490 323 66
500 350 70
510 357 70
520 364 70
530 371 70
540 378 70
550 385 70
560 392 70
570 399 70
580 406 70
590 413 70
600 420 70




Skippy Posted - 18 February 2009 : 19:56:35
It is a bit, but I suppose they have to have a cut off point!

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

20 IPA payments made, 16 to go - on the home straight!
Sparkle83 Posted - 18 February 2009 : 19:29:41
wow, that's interesting reading :) I think its a bit unfair that if it's 99 you can keep it, but 100 and they take 50 of it!
Skippy Posted - 18 February 2009 : 18:17:56
It depends on how much disposable income you have. If you have a look at my blog there is a table showing how much you could expect to pay.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/

20 IPA payments made, 16 to go - on the home straight!

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