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IPA Payments...
jellygirl_2
Posts: 491 Forumite
I am likely to get an IPA when I move into rented house. I understand that you have to have at least £99 surplus pm, but question is, if you have a surplus that exceeds this, does the OR take a cut of the surplus over £99 or is the £99 included. So for example if I had a surplus of £200 would the OR take £100 or just £50. Thanks in advance:)
:j Goodbye debt - Hello sanity! :j
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I'm no expert as I dont have an ipa but I'm sorry, I think it's the £99 too.0
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There is a useful table somewhere that shows how much the OR will take for an IPA - just not sure where it is! They take something like 50% of a surplus, with the percentage rising as the amount of surplus rises. Sure someone will be along soon with the table.BR 08/06/09 ED 10/03/10BSC member 2500
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Basically if you have £98 surplus, they won't take it. If you have £99 surplus, they will take £50. So a percentage of the total surplus, not the amount over £99.Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848"He who laughs last didn't get it!" :rotfl:BSC 134
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got Ya Merry! Ta
:j Goodbye debt - Hello sanity! :j0 -
Cool, cos I read that back to myself and wasn't sure it made sense
Get free advice before embarking on bankruptcy: CCCS 0800 138 1111 National Debtline 0808 808 4000
Business Debt Line 0800 197 6026 CAB Insolvency Service- 0845 602 9848"He who laughs last didn't get it!" :rotfl:BSC 134
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