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 Advice neede re IPA payments		  New Topic  Reply to Topic
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CMJ
New Member



96 Posts
Posted - 19 June 2009 :  13:02:05  Show Profile  Reply with Quote
Hi,

Can I just clarify does the OR leave you with £100 disposable income, and if a payment is made is it on anything over the £100??

eg Di £116 would the ipa be 50% of £116 or £16??

Thanks Michelle

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 19 June 2009 :  13:16:13  Show Profile  Reply with Quote
I believe that it is on anything over the £100 per month and is 50 -70% of that.

The glimmer gets brighter all the time

Jan
xx
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gettingoutofdebt
forum expert



2418 Posts
Posted - 19 June 2009 :  13:43:25  Show Profile  Reply with Quote
If you have more than £99 DI then the IPA is between 50% and 70% of the total DI i.e. if you have £116 DI you would pay £58 IPA.
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