IVA Calculator UK

Calculate your Individual Voluntary Arrangement payments for 2025/26. Enter your debts, income and expenses to estimate monthly IVA payments, total repaid and debt written off.

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IVA Payment Calculator

Your IVA Estimate

Disposable Income-
Monthly IVA Payment-
Total Repaid Over Term-
IP Fees (est. 25%)-
Paid to Creditors-
Debt Written Off-
Percentage Written Off-
MB
Mustafa Bilgic Reviewed by James Mitchell ACCA — Updated April 2026
IVADebt Solutions2025/26

IVA Payment Reference Table 2025/26

Total DebtMonthly PaymentTotal Repaid (5yr)Written Off
£10,000£100–£150£6,000–£9,000£1,000–£4,000
£15,000£120–£200£7,200–£12,000£3,000–£7,800
£25,000£150–£300£9,000–£18,000£7,000–£16,000
£40,000£200–£400£12,000–£24,000£16,000–£28,000
£60,000£250–£500£15,000–£30,000£30,000–£45,000
£100,000£350–£600£21,000–£36,000£64,000–£79,000

Figures are indicative and based on typical IP fee structures (25% of payments). Actual IVA terms vary by provider and individual circumstances.

IVA Key Facts 2025/26

Minimum Debt
£6,000+
Standard Term
5 Years
IP Fees
~25%
Credit Impact
6 Years
Creditor Approval
75%+
Typical Write-Off
40–70%

How to Use This Calculator

1

Enter your total unsecured debt

Add up all your unsecured debts including credit cards, personal loans, overdrafts and store cards. Do not include your mortgage or secured loans.

2

Enter your monthly income

Input your total monthly take-home pay (after tax and National Insurance). Include any regular benefits or other income sources.

3

Enter your essential monthly expenses

Include rent/mortgage, council tax, utilities, food, transport, insurance, and minimum debt payments. Use realistic figures based on your actual spending.

4

Select IVA duration

Choose between a standard 5-year or extended 6-year IVA term. A longer term means lower monthly payments but more total repaid.

5

Review your IVA estimate

The calculator shows your estimated monthly payment, total amount repaid, IP fees included, and the percentage of debt that could be written off.

Frequently Asked Questions

What is an IVA?
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you and your creditors to pay back a proportion of your debts over a fixed period, typically 5 or 6 years. An Insolvency Practitioner (IP) manages the arrangement. At the end of the IVA term, any remaining qualifying debt is written off. IVAs are recorded on the Insolvency Register and affect your credit rating for 6 years.
How much debt do I need for an IVA?
There is no legal minimum debt level for an IVA, but most Insolvency Practitioners require at least £6,000–£10,000 of unsecured debt owed to two or more creditors. In practice, IVAs work best for debts between £10,000 and £100,000. Below £6,000, a Debt Relief Order (DRO) may be more appropriate.
How long does an IVA last?
A standard IVA lasts 5 years (60 months). However, if you own a property and cannot remortgage in year 5 to release equity, the IVA may be extended to 6 years (72 months) instead. Some IVAs include a lump-sum payment option that can shorten the term.
What debts can be included in an IVA?
IVAs cover most unsecured debts including credit cards, personal loans, store cards, overdrafts, catalogue debts, HMRC debts (tax, National Insurance, VAT), and payday loans. Debts that cannot be included are: secured debts (mortgages), student loans, court fines, child maintenance arrears, and Social Fund loans.
Will an IVA affect my credit score?
Yes, an IVA significantly impacts your credit score. It is recorded on your credit file for 6 years from the date it is approved, and on the public Insolvency Register for the duration of the arrangement. During and after an IVA, obtaining credit will be more difficult.
How much will my IVA payments be?
IVA payments are calculated based on your disposable income — the amount left after essential living expenses. Typical monthly IVA payments range from £80 to £500+. Your Insolvency Practitioner will prepare an income and expenditure statement to determine a fair and sustainable payment amount.

Official Sources & References

Data verified against official UK government sources. Last checked April 2026.