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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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im on a iva years if I receive a small amount of money

Customer Question

im on a iva for 6 years if I receive a small amount of money do I have to declare it and will it shorten the length of the iva
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Alex Watts :

Hello my name is ***** ***** I will help you with this.

Alex Watts :

Is this a regular payment or one off please?

JACUSTOMER-od0yqas4- :

this is a regular momthly payment

Alex Watts :

How much?

Alex Watts :

Are you working otherwise?

JACUSTOMER-od0yqas4- :

no retired

JACUSTOMER-od0yqas4- :

£70 amonth

Alex Watts :

How much do you get in pension?

JACUSTOMER-od0yqas4- :

£140

Alex Watts :

Do you get pension credit?

JACUSTOMER-od0yqas4- :

that is included

Alex Watts :

You should declare it to HMRC and the IVA Practioner.

Alex Watts :

It may be that it has no effect, but if you do not declare it and you should have then you may have to repay the extra

Alex Watts :

If it is a regular gift then it may not be counted.

Alex Watts :

Indeed you can gift usually £3,000 tax free a year

Alex Watts :

But for the avoidance of any future problems you should declare it to HMRC Tax Credits and the IVA IP

Alex Watts :

Can I clarify anything for you about this today please?

JACUSTOMER-od0yqas4- :

its from a bank for payment break

Alex Watts :

Ok.

Alex Watts :

Its hard to say whether they will consider this to be income

JACUSTOMER-od0yqas4- :

why I want to keep it is because I owe it to my daughters

Alex Watts :

Indeed. But its not your money as such, it needs to be declared to the IVA people.

Alex Watts :

If you were not in an IVA it would not be an issue

JACUSTOMER-od0yqas4- :

ok thank you

Alex Watts :

Can I clarify anything for you about this today please?

JACUSTOMER-od0yqas4- :

I would like to see £38 put back in my account asap as £76 was taken p mckee

Alex Watts :

If it has been taken twice I can email customer services for you.

Alex Watts :

But can I ask you to rate my answer, not the fact that the system took 2 payments please?

JACUSTOMER-od0yqas4- :

yes could you email customer services for me please

Ash and other Law Specialists are ready to help you
Customer: replied 2 years ago.

I have noticed I still have not had £38 returned to my bank that you took twice reimburse asap please

Expert:  Ash replied 2 years ago.
I will make sure customer services know about it.
Alex

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