How much does an IVA Cost?

If your IVA isn’t approved, you won’t be charged by us. We’ll be honest with you and explain exactly what you can expect to pay for an IVA.

If you’ve decided an IVA is right for you then you’re now probably thinking about the bottom line, the all-important question: How much does this cost?

Depending on your circumstances, the cost of an IVA will change. Some people may pay more than others and every solution is tailored to an individual’s specific debts. Therefore, there is no one-size-fits-all model.

During the approval process, your insolvency practitioner will detail how much you’ll be paying so you know exactly how much the IVA will cost each month.

How can I afford to pay for an IVA?

Understandably, you might be wary about paying for anything during this time. After all, you’re in debt and probably trying to conserve money. Fortunately, there are no upfront costs and all fees for the proposal and supervision of your IVA are paid through the monthly payments.

As a result, this is something you won’t need to worry about until your IVA has actually been approved. Speaking of which, if your IVA is rejected, you will not be charged.

We understand your financial situation and won’t put you into further debt by charging you high upfront fees.

How much does an IVA cost to set up?

As mentioned, there is no one-size-fits-all figure for how much an IVA costs. However, based on customer data, we’ve included a breakdown of IVA fees. This should give you an idea of just how much you can expect to eventually pay on the IVA by the time it ends.

The costs for the IVA are divided into three areas:

  • The nominee fee.
  • The supervisor fee.
  • Expenses.

We’ve detailed each of these below so you know exactly what to expect:

The nominee fee

The nominee fee is the charge for those activities taken before the IVA is approved. During this period, the insolvency practitioner acts as your nominated representative to help get your IVA over the line.

The nominee fee covers such tasks as:

  • Drafting your IVA proposal.
  • Collecting claims from your lenders.
  • Organising the creditor meeting and notifying your lenders about it.
  • Assessing any proposed changes which your creditors might request to the IVA.

If your IVA is not approved, then you will not be charged for these expenses.

The supervisor fee

If your IVA is approved, the supervisor fee broadly covers the day-to-day activities associated with managing the IVA. During this time, your insolvency practitioner works on such tasks as:

  • Making sure IVA payments are correctly distributed to your lenders.
  • Handling all correspondence from creditors.
  • Providing reports to your lenders.
  • Completing annual reviews into the IVA.
  • Providing you with any support or guidance you request regarding the IVA.


Broadly, the costs of an IVA cover the supervisor and nominee fee. However, the insolvency practitioner may also incur expenses during this time – some of these can actually be recovered from your monthly payments.

These expenses could cover miscellaneous costs such as insurance and registration fees.

Details of estimated expenses will be included in your IVA proposal before you agree to the terms. Moreover, during this stage, you have the power to negotiate this fee.

Is this good value for resolving your debts?

Whether you feel this is good value depends on your circumstances. However, many consider the costs incurred in an IVA a small price to pay for financial control. If you want to find out more detailed information, you can again, refer to our IVA fees page.

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