1.1.S.10 Saved amount

Definition

The 'saved amount' is the amount in a person's account into which instalments of PLP or DAPP are paid, which is protected from garnishee under a court order.

The saved amount is the difference between the amount of instalments that have been paid to the credit of the person's account in the 4 weeks immediately before the court order came into force and the amount that the person has withdrawn from that account in the 4 week period.

Act reference: PPLAct section 6 The Dictionary, section 97 Effect of garnishee etc. order (PLP), section 115EK Effect of garnishee etc. order (DAPP)

Policy reference: PPL Guide 7.3.4.20 Debt Recovery by Garnishee Notice

Last reviewed: 8 May 2017