IVA costs and fees

At PayPlan Partnership Limited, fees are only charged if your IVA is approved by 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 talk?

If you’d like to understand your options or check whether an IVA is right for you, we’re here to help.