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T O P I C R E V I E W
will.26
Posted - 15 July 2010 : 11:04:57 My household income is £1200 per month, after payout I have £240 odd. Do you think I will need to make monthly payments, if so how much roughly??? Thank you Gareth
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xmas baby
Posted - 15 July 2010 : 12:19:49 Hi Will,
As far as I am aware, any disposable income over £99 has to be declared and the OR may take a percentage of this, anywhere from 50%-75%. I pay £241 per month out of my disposable income and this was set at 66%. If you have £240 disposable income and they take the max of 70% then you would pay an IPA of £168. The larger the amount of disposable income, the higher the percentage. As yours is not that great I would imagine you would be nearer the 50% mark, or though I can't be sure.
