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IVA calculator: your payments, your arithmetic

See what you would pay into an IVA over 60 or 72 months at a payment you can actually afford — and what determines how much of the rest is written off. No percentage promises, because nobody can honestly make you one before an adviser has seen your circumstances.

Written by The My Debt Cleared editorial teamLast reviewed 22 August 2026Jurisdiction England, Wales & Northern IrelandEditorial policy
An IVA is usually a fixed monthly payment for 60 months, or 72 months for homeowners with qualifying equity who cannot release it. Whatever remains of the debts included when the arrangement completes is written off. How much that is depends on your affordable payment, the fees in your proposal and creditor approval — not on a percentage from an advert.

Work out your own figures

Set your total unsecured debt and the monthly payment you could genuinely afford after essential costs. The calculator shows what you would pay in across a standard 60-month term and an extended 72-month term.

Paid in over 60 months£9,000
Paid in over 72 months£10,800

This is an illustration, not advice, an assessment or an eligibility decision. Fees are not shown separately because they vary by proposal — they are taken from your monthly payments, not on top of them, and how IVA fees actually work is explained in plain figures.

Why this calculator does not promise a write-off percentage

Most IVA calculators lead with a figure like “write off up to 81% of your debt”. Read the small print and it is an average, or sometimes the best decile, of that firm’s own past clients over a stated period. It says nothing about you. Your write-off is decided by three things: what you can afford each month, the fees in your specific proposal, and whether creditors holding 75% by value of the votes approve it. The Advertising Standards Authority has ruled against write-off adverts that hid what the service really was, and the FCA warns about firms promising to make debt disappear.

We would rather show you the arithmetic. If a firm quotes you a percentage before anyone has looked at your income, spending and creditors, treat it as marketing, not a forecast.

What actually happens to your payments

Your monthly contribution goes into the arrangement. The insolvency practitioner’s fees and costs come out first, then distributions to your creditors. When the final payment is made and the arrangement completes, the remaining balance of the debts included in it is written off and creditors can no longer pursue you for it. If your circumstances change during the term, payments can be reviewed — and an IVA can fail, which has real consequences worth understanding before you start.

Before you decide anything

Check the current IVA criteria, see how long an IVA lasts and what homeownership changes under the 2025 Protocol, then compare it against a Debt Management Plan and a Debt Relief Order. Only someone authorised to advise you can assess which route fits your circumstances — and free, impartial debt advice is available across the UK.

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