Effective from August 3rd 2020

If you enter into an Individual Voluntary Arrangement (IVA), there will be fees involved.

Your creditors will decide on the level of any fees taken, while any genuine costs in relation to your IVA may also be claimed back.

Individual Voluntary Arrangement fees

You will only be charged a fee if your IVA proposal is accepted by your creditors.

Once your IVA has been accepted, the fees you pay will be:

  • A nominee’s fee
  • Supervisor’s fees
  • Costs and expenses

Nominee’s fee

The nominee fee is the cost for helping you to put the IVA proposal to your creditors and covers the professional costs and charges involved in 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.

The nominee’s fee is always paid first before any payments are made to your creditors.

Supervisor’s fees

The Supervisor fee(s) is the cost of covering the ongoing work involved in running your IVA.

Generally, the fee is charged at around 15% of any money received by the supervisor before any monies are distributed to your lenders.

This encompasses your monthly contributions, any assets (e.g. the equity in your property, successful PPI mis-selling claims) and windfalls (e.g. an inheritance) that you receive during the term of your IVA.


There may also be other costs incurred in connection with the running of your IVA

For instance, your IVA provider is entitled to claim back the costs of postage and insurance.

How much you will pay in fees will be clearly set out in your IVA proposal, although they must be approved by your lenders and may be changed before the proposal is accepted.

Average fees

The average fees paid are currently:

Nominee’s fees              £1,209

Supervisor’s fees           £1,597

Supervisor’s costs         £900