PayPlan Bespoke Solutions

If you choose to enter a Self-Employed IVA with PayPlan, your arrangement will be managed by PayPlan Bespoke Solutions Limited.

PayPlan Bespoke Solutions is a sister company of PayPlan that specialises in supporting self-employed individuals with IVAs. It’s regulated by the Insolvency Practitioners Association (IPA).

To make the process seamless, PayPlan will, with your permission, pass on your details to PayPlan Bespoke Solutions so you won’t need to repeat everything you’ve already shared. Their goal is to simplify the process and provide end-to-end support throughout your IVA.

Once your plan is underway, the support team at PayPlan Bespoke will be on hand to:

• Help with business expenses – They’ll work closely with you to create a tailored business cashflow that clearly separates your business and personal finances, so you know exactly what you’re spending and earning.
• Ensure affordability – Your budget will be reviewed every year and adjusted to ensure your payments remain manageable over the life of the IVA.
• Liaise with your creditors – All contact with creditors included in your plan will be handled by PayPlan Bespoke. If you receive any from them regarding repayments after your IVA starts, simply let the team know.
• Manage and distribute your payments – Once they receive your payment, PayPlan Bespoke will fairly divide and distribute it to your creditors, usually on a monthly basis.
• Keep you on track – Through regular catch-ups, they’ll check in to ensure your plan is progressing smoothly. If your circumstances change, either positively or negatively, they’ll help you explore the available options.

IVA Fees and Charges

Like all IVA providers, PayPlan Bespoke Solutions Limited charges fees for setting up and managing your IVA. These fees are agreed with your creditors and are taken from the payments you make into your arrangement – there are no additional or hidden costs for you.

PayPlan Bespoke Solutions operates a transparent, fixed-fee structure. For a standard five-year IVA, the total fee is £4,700, which covers everything from setup to conclusion. If your IVA is extended due to equity in your property, an additional fee of £480 will apply, bringing the total to £5,180.

These fees are split into three categories:

1. Nominee’s Fee – this fee covers the initial setup of your IVA. It includes time spent reviewing your finances, preparing your Proposal and liaising with creditors. PayPlan Bespoke Solutions charges a fixed Nominee’s Fee of £2,300, which also covers other necessary expenses associated with arranging your IVA.
2. Supervisor’s Fee – this fee covers the ongoing management of your IVA, including collecting and distributing payments, completing annual reviews, updating creditors, handling queries and completing your IVA. The Supervisor’s Fee is capped at £40 per month. Over a five-year IVA, this would total £2,400. If your IVA is extended to six years, the fee would total £2,880.
3. Asset Realisation Fee – this fee will be applied only if you receive a windfall, inheritance or other one-off payments during your IVA. The fee is 20% of the one-off payment. For example, if you received an inheritance of £1,000 during your IVA, the fee would be £200.

This clear and structured fee approach means you can focus on managing your IVA with confidence, knowing exactly what to expect financially throughout the life of the arrangement.

Credit score while in an IVA

Entering into an IVA will impact your credit file. It will appear for six years from the date your IVA is approved and may affect your ability to obtain credit during that time.

Built for support and flexibility

Your IVA with PayPlan Bespoke is built around real-life circumstances. Under the 2025 IVA Protocol[1], your Supervisor can approve payment breaks or reduction in payments up to 20% without having to ask creditors for permission – making the process quicker and more flexible if things change.

What if I’m a homeowner?

If you own a home, your equity, which is based on 85% loan to property value, will be assessed – but you won’t be asked to sell your home. Here’s how it works under the 2025 Protocol:

• If your share of equity is under £10,000, your IVA will last five years, with no need to release equity.
• If your share is £10,000 or more, your IVA will typically last six years, avoiding the need for remortgaging or equity release.

Need help or more information?

We’re here to guide you through every step. Whether you’re exploring your options or ready to move forward with an IVA, our team is on hand to help you feel confident in your next step.

Get debt help online or call us on 0800 316 1833 for a confidential conversation.

[1] The 2025 Protocol only applies for IVAs approved after July 2025. Previous IVA protocols apply for IVAs approved before then.