We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Another Question post BR
chelseadagger_3
Posts: 91 Forumite
Hi
Sorry yet another question
After going BR and not having an IPA in place, if I were to take in a lodger or have someone move in with me would I have to declare this an extra income to the OR?
Sorry yet another question
After going BR and not having an IPA in place, if I were to take in a lodger or have someone move in with me would I have to declare this an extra income to the OR?
0
Comments
-
Hi there,
Any changes within your financial situation whilst you are undischarged need to be notified with the OR.
CCCSI am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.
CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.0 -
Thanks for your quick reply
Am I correct in thinking then that although I am not subject to an IPA at the moment, that if I do have any increase in income while I am still undischarged then I may then become subject to one?0 -
That is correct. It tends to be around 50% of the surplus you have (not taking into account the first £100). As soon as you have been discharged, any increase would no longer have an impact on an IPA.
Regards, CCCSI am a Debt Counsellor that works for the CCCS and have specific permission from Martin, to post on these boards to try and help those in debt. Read more information on the CCCS and what it does in the Debt Problems: What to do and where to get help article.
CCCS is a registered charity, and there is no charge whatsoever for any of the services we provide to our clients. We take great pride in offering first class help and advice, but we only offer this where we have been able to fully explore and understand your circumstances with you. We want to help you understand these choices and their possible implications but not make them for you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards