Change in Circumstances in IPA

Mart7379

Hi guys
looking for some quick advice. I’m 1 of the unlucky few that has to pay into an IPA. 

At the time of declaring bankruptcy my youngest son was in Nursery, which we were paying for with a substantial amount  paid for by way of Tax credits. Now my son is no longer in paid childcare we have had a drastic reduction in the amount of Tax credits we are entitled to. 

Will this make any difference in the amount I am paying towards my IPA, I’m trying to work it out in my head but need a expert view on it. 

Nursery fees : £550 approx
Tax Credits: £420 approx

School Breakfast & After school : £200 approx
Tax Credits now: £50

baza52

so you are worse off by £5 per week now?

sourcrates

An IPA is flexible, so if your income changes to a degree that it becomes a problem, you simply inform your OR and your IPA will be re-assessed, its not a big deal, just contact them and let them deal with it.