Jump to Main Content
Get help now

IVA costs and fees

IVA fees are only charged if your arrangement is approved, and all costs are included in your IVA payment. Learn what you’ll pay and what the fees cover.

Get debt help 0800 316 1833

At PayPlan Partnership Limited, fees are only charged if your IVA is approved by your creditors. All costs are taken from the money you pay into your IVA – there are no additional or hidden charges.  

Fixed fee structure

We operate a transparent, fixed-fee model for standard five-year IVAs:

  • Total fee: £4,200 (this includes all set-up and ongoing management costs)

The total fee is broken down into two categories:

  1. Nominee’s Fee
  2. Supervisor’s Fee

If your IVA is extended by 12 months (usually due to equity in a property), an additional £420 applies – bringing the total to £4,620 for a six-year arrangement.

Payments to your creditors start within 90 days of the IVA being approved, or 90 days from your first payment – whichever is later.

What the fees cover

Nominee’s Fee – £2,100

This covers the set-up of your IVA, including:

  • Understanding your financial situation in detail.
  • Preparing your proposal and liaising with creditors.
  • Ensuring your arrangement reflects your needs and is fair and manageable.
  • All associated admin and regulatory costs.

Supervisor’s Fee – £35 per month

This covers the ongoing management of your IVA, including:

  • Collecting and distributing payments to creditors.
  • Providing ongoing support and guidance.
  • Managing creditor queries.
  • Annual financial reviews.
  • Preparing annual reports for you and your creditors.
  • Handling completion of your arrangement.

Additional Supervisor’s Fees may occur if you receive unexpected income (like a bonus or windfall). In this case, a 15% realisation fee may be applied to these amounts if they’re included in your arrangement.

Self-employed IVAs

If you’re self-employed, your IVA will be managed by PayPlan Bespoke Solutions Limited. Their approach and fees are tailored to suit variable income and trading needs.

What if creditors try to amend the fees?

In some cases, creditors may request changes to the fee structure during the approval stage. This won’t impact your agreed monthly payments – and we’ll always keep you fully informed.

Ready to take the next step?

Get free debt advice online or call 0800 316 1833 to speak to one of our experts. We’ll explain the solutions available, check what you may be eligible for and help you choose the option that best fits your situation. 

See if an IVA is rght for me
Table of contents

FAQs

What if I become seriously ill?

Please contact us as soon as possible. We know these conversations can feel difficult – but you’re not alone, and our dedicated Vulnerability Team is here to support you with care and practical guidance.

Your Insolvency Practitioner (IP) may speak to your creditors and request early completion of your IVA on compassionate grounds.

What happens if I come into money during my IVA?

If you receive a financial windfall – such as inheritance, compensation or lottery winnings – you’ll usually need to pay all of it into your IVA.

Because your creditors have agreed to write off part of your debt at the end of your IVA, any extra funds must be considered.

If the amount’s large, you may be able to offer an early Full and Final settlement.

If friends or family want to help with a lump sum, creditors may accept it as a settlement offer. It doesn’t have to cover everything you owe, but it must be fair and reasonable.

Can I settle my IVA early?

Yes – you can ask to offer a lump sum as a Full and Final settlement.

  • Your creditors will vote on the offer at a Variation Meeting.
  • Even if accepted, your IVA stays on your credit file for six years from the original start date.
  • It remains on the Insolvency Register for three months after completion or termination.

Early settlement can give flexibility, but you’ll still need to rebuild your credit after it completes.

Can I add debts to my IVA?
Because an IVA is a legally binding agreement, adding new debts can be difficult.

  • Forgotten debts: If a debt was missed at the start, it may still be possible to add it. Sometimes a second Creditors’ Meeting is required if the debt is significant.
  • New debts: If you’ve taken on new borrowing since your IVA began, contact us immediately. We’ll explain your options and what this means for your arrangement.
Can an IVA affect citizenship?
Your IVA will appear on the Insolvency Register, which may be visible during a citizenship assessment. It doesn’t automatically prevent approval – and in many cases, it reflects that you’re actively managing your debts responsibly.

Read more FAQs →

FAQs

What if I become seriously ill?

Please contact us as soon as possible. We know these conversations can feel difficult – but you’re not alone, and our dedicated Vulnerability Team is here to support you with care and practical guidance.

Your Insolvency Practitioner (IP) may speak to your creditors and request early completion of your IVA on compassionate grounds.

What happens if I come into money during my IVA?

If you receive a financial windfall – such as inheritance, compensation or lottery winnings – you’ll usually need to pay all of it into your IVA.

Because your creditors have agreed to write off part of your debt at the end of your IVA, any extra funds must be considered.

If the amount’s large, you may be able to offer an early Full and Final settlement.

If friends or family want to help with a lump sum, creditors may accept it as a settlement offer. It doesn’t have to cover everything you owe, but it must be fair and reasonable.

Can I settle my IVA early?

Yes – you can ask to offer a lump sum as a Full and Final settlement.

  • Your creditors will vote on the offer at a Variation Meeting.
  • Even if accepted, your IVA stays on your credit file for six years from the original start date.
  • It remains on the Insolvency Register for three months after completion or termination.

Early settlement can give flexibility, but you’ll still need to rebuild your credit after it completes.

Can I add debts to my IVA?
Because an IVA is a legally binding agreement, adding new debts can be difficult.

  • Forgotten debts: If a debt was missed at the start, it may still be possible to add it. Sometimes a second Creditors’ Meeting is required if the debt is significant.
  • New debts: If you’ve taken on new borrowing since your IVA began, contact us immediately. We’ll explain your options and what this means for your arrangement.
Can an IVA affect citizenship?
Your IVA will appear on the Insolvency Register, which may be visible during a citizenship assessment. It doesn’t automatically prevent approval – and in many cases, it reflects that you’re actively managing your debts responsibly.

Read more FAQs →

Let’s make your debt more affordable

You’re just two steps away from taking back control of your finances and freeing up more money for you and your family.

Getting advice has no impact on your credit score.

Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly

Sandra Daly

★★★★★
pdhf-pound pdhf-pound-coinspdhf-poundspdhf-pound-notespdhf-house-ownpdhf-house-rent pdhf-house-family pdhf-briefcasepdhf-job-seekerpdhf-retired pdhf-working-hourspdhf-studentpdhf-jobpdhf-phonepdhf-house-otherpdhf-debt-2pdhf-debt-3pdhf-debt-4 pdhf-debt-1pdhf-yespdhf-nopdhf-checkpdhf-livechatpdhf-self-employedpdhf-whatsapppdhf-intercom

What's your approximate level of debt?

Great! It looks like we can help you.

Simply complete your details below and connect to one of our friendly advisors.

How would you like to connect?

Best time for us to call

Excellent, professional, friendly and empathetic service. PayPlan have given us our lives back!
Sandra Daly

Sandra Daly

★★★★★
Secure & confidential