My IVA has been running for 4 years. I'm due to receive a state pension in the next few months. In my IVA it talks of windfalls and extra income. I want to know if my state pension is classed as income or a windfall.
Thanks for that it confirms my view. As my proposal says "a permanent increase in normal regular income will be used to increase my monthly contribution. I will increase my contribution by 50% of the net surplus after living costs". As my living costs are unlikely, at the moment, to increase am I correct in assuming that the net surplus means after any income tax deductions?
(c) Channel Active Limited. Company Number: 06412452. Data Protection Registration: Z1332750.
Telephone calls may be monitored or recorded. Authorised and regulated by the Financial Conduct Authority.
IVA Advice Forum, Cardiff House, Priority Business Park, Barry, CF63 2AW. Tel: 02920 435423.