IVA year 6 - declare bonuses?

Simmo71

I've just come to the end of my 5yr IVA and have agreed a further 12 months payments to close it all off. My IP seems pretty relaxed and has said they don't really do much of an income/expenditure washup at the end. My question is if I get any bonuses during the next 12 months do I need to declare these and pay the surplus into the IVA?

I've always done that in the past, but are the rules different in a 6th year?  I'm due a bonus in May and don't want to lose any of it unless absolutely necessary. Any advice appreciated!

sourcrates

Same rules apply until you have received your certificate of completion, until then you are still bound by all the terms of your IVA.

Simmo71

Ok thanks Sourcrates, pretty much what I expected to be honest. Just happy to be on the final furlong either way!

tatty82

I’ve just completed my IVA in January and had the same thought as I entered year 6 as I receive a bonus in June and my IP was also really relaxed. I did declare it as normal and I’m glad that I did as I was asked to send in my most recent P60 along with copies of the last 3 months payslips (which show what my earnings since then have been - including the bonus).