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The fees for IVA's are generally capped by creditors. The parameters are as follows:-
Nominees Fees Between £1,200 to £3,000 plus VAT
Supervisors Fees On average £900 per annum plus VAT (Max 5 years)
We will pay a sum equivalent to 50% of the Nominees Fee with a maximum payable of £650. This is treated, for ethical and regulatory purposes, as a FactFind Fee to advisors for assistance with preparing financial information on behalf of the Nominee. The FactFind Fee must be disclosed in the proposals and forms part of the Nominees fee.