IVA Fees Explained
Transparent information about the costs involved in an Individual Voluntary Arrangement.
Important: IVA fees are taken from your monthly payments - you do not pay anything extra on top. The fees are agreed upfront and included in your IVA proposal.
What Are the Costs of an IVA?
An IVA involves professional fees for the licensed Insolvency Practitioner (IP) who manages your arrangement. These fees are regulated and must be disclosed before you agree to anything.
Nominee's Fee
This covers the initial work of preparing and presenting your IVA proposal to creditors. It typically ranges from £1,500 - £3,000 and is paid from your initial monthly contributions.
Supervisor's Fee
Once your IVA is approved, the IP becomes the supervisor. Their ongoing fees are typically 15-20% of your monthly payments. This covers distributing funds to creditors, annual reviews, and handling any variations.
Disbursements
Small additional costs such as bonding fees, credit searches, and filing fees. These are typically £200 - £500 in total and taken from your early payments.
Key Things to Know About IVA Fees
- Fees are deducted from your agreed monthly payments - never on top
- All fees must be disclosed before you sign anything
- There are no upfront costs - you don't pay anything before your IVA starts
- Fees are regulated by the Insolvency Act 1986 and relevant professional bodies
- Your IP must provide a clear fee breakdown in your IVA proposal
- If your IVA fails, you may still owe the fees already incurred
- Free initial consultations and eligibility checks should never cost you anything
Example Fee Breakdown
| Fee Type | Typical Amount | When Paid |
|---|---|---|
| Nominee's Fee | £1,500 - £3,000 | First 6-12 months of payments |
| Supervisor's Fee | 15-20% of payments | Throughout the IVA |
| Disbursements | £200 - £500 | Early payments |
| Initial Consultation | FREE | Before IVA starts |
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Do You Qualify?* Fee amounts shown are typical ranges and may vary depending on the complexity of your case. All fees are subject to creditor approval. This information does not constitute financial advice.