Allowed costs for IVA

dafadau

I've had another go at a budget for my IVA, using the CCCS Debt Remedy values so hopefully someone can provide additional input as to what I'd be allowed, as obviously I want the lowest payment possible.

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 1200
Management charge (leasehold property).. 0
Council tax............................. 128
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 11
Mobile phone............................ 20
TV Licence.............................. 15
Satellite/Cable TV...................... 31
Internet Services....................... 30
Groceries etc. ......................... 190
Clothing................................ 25
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 160
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 7
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 9
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 16
Holiday................................. 0
Emergency fund.......................... 10
Gym..................................... 50
Total monthly expenses.................. 2027

Really appreciate your help!

EDIT: sorry for the awful formatting!

james78_2

They will tell you how much to pay....you can't "fix" it they will see your pay slips every 6 months and P60 every year and will want proof of all your big outgoings (rent, car, bills etc)....forget about £50 for the gym....wouldn't let me have even £30....

With me it was £240....that was all of my surplus. Then after my HP on my car ends 2 years into it, they want that money added on too.....

Anyway I think it's worth doing as I'll be debt free in 5years.......and I've been let off of £10,000 of debt too.......

Never again will I get into this mess! Unless I have the money to spend in the first place....

Max_1066

You could include 'meals at work' - its not a lot however it all helps. I agree with the above regarding the gym membership I suspect that won't be accepted. You could also include the cost of a Pre Payment Certificate for prescription charges, it works out at £10 per month.... and dentist/optician could be listed on its own.

I'd also recommend going through this with CCCS over the phone as I found this really helped. They will provide guidance on what you can reasonably list.

Good Luck.