How are IPAs and IPOs calculated?
You will only ever be asked for an IPA or IPO if payment of these will leave you sufficient funds for you and your family to cover your basic domestic needs. This means money you need for daily living expenses for you and everyone that depends on you – such as children and any adults living with you who have no source of income. Your ‘reasonable domestic needs’ will be assessed by examining all the circumstances of your case. There is no fixed amount for an IPA or IPO and each case will depend on individual circumstances. In order to calculate any income payment requests, you will be required to provide details of your income and spending in your ‘Statement of Affairs‘. This will include details of your income as well as monthly expenses, such as rent, essential utilities such as gas and electric, food and clothing etc. You will have to provide proof of these – such as wage slips, rent books, and bills. You will need to include any payments you receive, including income from self-emplo
