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darkdays
Starting Member

8 Posts

Posted - 03 July 2010 : 09:24:49

Can anyone tell me if benefits are taken into account with regard to paying an IPA? eg housing, benefit, child benefit and tax credits?

Thanks

debtinfo
forum expert

2826 Posts

Posted - 03 July 2010 : 09:46:53

Yes they are taken into acount when working out your surplus, but if payments are made they are taken only from non benefit income, so if your income is only from benefits you will not have to make any payments

darkdays
Starting Member

8 Posts

Posted - 03 July 2010 : 10:27:02

Thanks Debtinfo, very helpful. I work p/time so may have to pay something.

debtinfo
forum expert

2826 Posts

Posted - 03 July 2010 : 10:29:42

here is a link to how it is worked out

http://www.insolvency.gov.uk/freedomofinformation/technical/TechnicalManual/Ch25-36/Chapter31/part7/Annex%20A.htm

darkdays
Starting Member

8 Posts

Posted - 03 July 2010 : 14:59:14

Thanks a lot, much appreciated.

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