Consider an IVA If you are…

  • Struggling to keep up with bills
  • Finding it hard to manage debt
  • Feel like your debt isn’t reducing
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How much does an IVA cost?

If you decide an IVA is the best option for you after we’ve assessed your financial situation, we can put a formal proposal to your creditors completely free of charge.

  • There is no application fee. Instead it is completely free to apply for an IVA with Money Advice.
  • All our advice and support during the IVA application is also provided free of charge.
  • No upfront fees are required and, in the unlikely event that your IVA is not accepted, there are no charges for you having tried.
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A typical example of an IVA

This example significantly reduced the client total debt by 41%.

Loan £7,000
Overdraft £1,220
Credit Card £1,000
Credit Card £9,000
Total Owed £18,200

Your monthly repayments would be


Before an IVA



After an IVA


About the fees

IVA costs

We will only charge you a fee if your Individual Voluntary Arrangement (IVA) is accepted by your creditors.

All fees are paid out of – not in addition to – your regular affordable monthly payments. Once your IVA has been accepted, the fees you pay will be:

  • A nominee’s fee
  • Supervisor’s fees
  • Costs/expenses
customer happy after getting debt help

Explaining IVA costs & fees

In most cases, the IVA fees are paid by your creditors because they allow the fees to be drawn from the money you pay into your IVA.

If your situation improves during your IVA to the point where you can afford to repay your debts in full, say through a windfall, then you would also be obligated to pay the IVA fees in order to bring your IVA to a successful conclusion.

The advice we give is free, and there is no obligation to sign up for anything after your initial telephone consultation. Only when your IVA has been accepted by your creditors are you expected to start making payments.

Please note all Insolvency Practitioners have costs and fees for administering IVA’s, but as one of the UK’s leading providers, we promise excellent service, and we will ensure everything from considerations to fees are explained clearly and properly.

You will be required to agree to the premise of our fees as part of the application process and full details will be included in your IVA proposal.

This fee covers our professional costs and charges for arranging your IVA including:

  • Preparing your IVA proposal – which sets out the proposed terms of your IVA and provides your ` lenders with a detailed snapshot of your finances
  • Organising the creditors’ meeting, in which lenders can request changes to the terms of your IVA

It will typically be between £1000 and £2700 and is often capped to an amount equal to your first 4-6 months’ IVA payments.

The Nominee’s fee will be paid first before any payments are made to your lenders.

The Supervisor’s fees cover the ongoing work involved in running your IVA and is calculated as a percentage of “realisations”: typically it is charged at 15–18% of any money received by the Supervisor and distributed to your lenders, such as your monthly contributions, any assets (e.g. the equity in your property, successful PPI misselling claims) and windfalls (e.g. an inheritance) that you receive during the term of your IVA.

We are also entitled to claim back the cost of certain expenses (such as postage, insurance, etc) incurred directly in connection with the running of your IVA.

The amount of our fees will be clearly set out in your IVA Proposal. They must be approved and may be changed before it is accepted, by your lenders.

    • These are the typical total fees charged for an IVA based on a client contribution of £150.00 per month.
      • Nominee’s fees – £1,000
      • Supervisor’s fees – £1,1170
      • Supervisor’s costs – £800

*An Individual Voluntary Arrangement is a formal debt solution that can help you deal with your unaffordable debts. In an IVA your debt repayments are usually lowered to an amount that you can afford to pay each month. In order to help explain how an IVA works, we have included this IVA Example case above. Fees may vary depending on your individual circumstances. If you would like to know more about an IVA, please get in touch with us at Money Advice Ltd on 0161 359 5599.

Money Advice UK help over over 5,000 people every year

Our team of experts help thousands of families every year across the UK get their finances back on track.

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