Cost of living payment in an IPA

River_Stone

Hello,

Does anyone know if the cost of living payment from the government for those on certain benefits will be included in your IPA?

I have found zero info on this and I guess it probably will be but does anyone have any ideas?

Cheers.

luvchocolate

Are you currently paying into a I P A?
Is your sole income benefits?

River_Stone

Thanks for the reply.

I will shortly be given an IPA and receive Universal Credit in addition to my full time wages.

sourcrates

This is the advice from the Insolvency Service, it does not cover cost of living payments in particular, but you should get an answer from the contact details provided -

Income Payments Agreements and Income Payments Orders

If you have an Income Payments Agreement or Income Payments Order, you can ask for a review of your income and expenses to see if you are eligible for a reduction in payments, or payment break.

The spending guidelines have been updated for inflation in the current financial climate and if you feel you need a review, you should contact the organisation you make payments to.

If you pay Advantis, the Official Receiver’s collection agent, you can contact them on:

• phone: 01782 971 404
• email: admin@advantiscredit.co.uk

If you pay the Official Receiver directly, you can contact them on:

• phone: 0300 678 0015
• email: LTADT.IPA@insolvency.gov.uk

If you pay an Insolvency Practitioner or their collection agent, please contact them directly.

River_Stone

Yeah, that's all I could find too.

I haven't been given the IPA yet but I expect it to be included as income along with the £400 fuel payment.

luvchocolate

We have a poster who works for the Insolvency Service. 
They may see this thread after the weekend 

sourcrates

I wouldn`t lose heart just yet, due to the exceptional circumstances, and the fact new guidance has been slow to be issued, I would think/hope, that you may be allowed to keep it.

Minkym00

If you are claiming in-work benefits then you should not be assessed for an IPA anyway. 

I cannot see the Insolvency Service claiming any government assistance payments.