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Help with SOA please!
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skintasusual
Posts: 272 Forumite
Hi
I want to post an SOA on here before I fill in my BR forms, but need some help!
I am going BR and my OH is not.
When I do my SOA, I only earn about 240 a month, and my oh earns the main income, which covers all the household bills etc. He also has his own set of debts to pay/ travel to work expenses etc that are nothing to do with me, and I dont know what to put sown and what not to! obv I need to include my personal expenses as well as the household ones!
HELP!
I want to post an SOA on here before I fill in my BR forms, but need some help!
I am going BR and my OH is not.
When I do my SOA, I only earn about 240 a month, and my oh earns the main income, which covers all the household bills etc. He also has his own set of debts to pay/ travel to work expenses etc that are nothing to do with me, and I dont know what to put sown and what not to! obv I need to include my personal expenses as well as the household ones!
HELP!
Proud to be dealing with my debts
:beer:
Official DFW nerd no.190
:beer:
Official DFW nerd no.190
0
Comments
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You have to account for your partner's contribution towards total household expenses (not your own medical, haircuts, vehicle costs etc).
For instance, if your income is £240 pcm and your partner's £1300 pcm then your partner's percentage of the total household income is 84.416%.
So if total joint household expenditure is £850 per month then your partner's contribution at 84.416% would be £717.54.When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 240
Partners monthly income after tax....... 1500
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 1874
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 41
Gas..................................... 18
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 35
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 475 including 2 cats
Clothing................................ 25
Petrol/diesel........................... 70
Road tax................................ 18
Car Insurance........................... 51
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 10
Emergency fund.......................... 10
Total monthly expenses.................. 1813
This leaves a surplus of £61
My Income is a bit variable as I am self employed, £240 is an average. I only get paid every 3 months too!
The £1500 is my husbands contibution to our joint expenses.
I have to have a mobile phone and internet for work - I work alone in swimming pools with babies and I have to have a mobile in case there is an accident or something.
Internet I need as all the documents for the company I work for are stored online, and all communication with them is by email.
What do you think? These are honest figures I could reasonably live on.Proud to be dealing with my debts
:beer:
Official DFW nerd no.1900 -
skintasusual wrote: »Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 240
Partners monthly income after tax....... 1500
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 1874
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 41
Gas..................................... 18
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 35
Mobile phone............................ 20 Not always allowed in BR - can include with the landline
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 475 including 2 cats
Clothing................................ 25 40
Petrol/diesel........................... 70
Road tax................................ 18
Car Insurance........................... 51
Car maintenance (including MOT)......... 10
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10 20
Entertainment........................... 0
Holiday................................. 10 30
Emergency fund.......................... 10 not allowed in BR
Total monthly expenses.................. 1813
This leaves a surplus of £61
My Income is a bit variable as I am self employed, £240 is an average. I only get paid every 3 months too!
The £1500 is my husbands contibution to our joint expenses.
I have to have a mobile phone and internet for work - I work alone in swimming pools with babies and I have to have a mobile in case there is an accident or something.
Internet I need as all the documents for the company I work for are stored online, and all communication with them is by email.
What do you think? These are honest figures I could reasonably live on.
Added a few bits - HTH, others will be along to advise shortly too im sure!
I wasnt allowed and emergency fund but i was allowed a holiday fund so i would add it on to that.
Good luck0 -
Manoona an emergancy fund is now an acceptable expense as the IPA rules have been adjusted.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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With the new rules you are allowed £10 per person for the emergency fund.:pB&SC No. 298
Life`s Tragedy is that we get OLD too soon
and WISE too late!0 -
skintasusual wrote: »Household Information
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 240
Partners monthly income after tax....... 1500
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 1874
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 41
Gas..................................... 18
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 35
Mobile phone............................ 20 as this is a business expense surely this should be deducted off your gross earnings as such.
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10 as above
Groceries etc. ......................... 475 including 2 cats £500
Clothing................................ 25 £80-90 clothes for you and children.
Petrol/diesel........................... 70
Road tax................................ 18
Car Insurance........................... 51
Car maintenance (including MOT)......... 10 £30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 0 £5 per child per week for activities. £2 per day for primary school lunches, £3 for secondary.
Medical (prescriptions, dentist etc).... 10 £20
Pet insurance/vet bills................. 10 £20
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10 £10 for you £5 each child
Entertainment........................... 0
Holiday................................. 10 £80
Emergency fund.......................... 10 £40
Total monthly expenses.................. 1813
This leaves a surplus of £61
My Income is a bit variable as I am self employed, £240 is an average. I only get paid every 3 months too!
The £1500 is my husbands contibution to our joint expenses.
I have to have a mobile phone and internet for work - I work alone in swimming pools with babies and I have to have a mobile in case there is an accident or something.
Internet I need as all the documents for the company I work for are stored online, and all communication with them is by email.
What do you think? These are honest figures I could reasonably live on.
You need to check whether phone and internet need to be deducted from your gross income as business expenses so not shown on your SoA. I am fairly sure they are.
That is the sort of figures you can look at, obviously if you use all of themthen that will take you over so I would not put down holiday.
Have a play with those and see where you get.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
Ok, I have tweaked a few things, do you think this would be acceptable to the OR? are there any areas that need work?
Thanks in advance
Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 240
Partners monthly income after tax....... 1500
Benefits................................ 134
Other income............................ 0
Total monthly income.................... 1874
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 700
Management charge (leasehold property).. 0
Council tax............................. 145
Electricity............................. 41
Gas..................................... 20
Oil..................................... 0
Water rates............................. 23
Telephone (land line)................... 40
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 475
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 18
Car Insurance........................... 51
Car maintenance (including MOT)......... 13
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 100
Other child related expenses............ 20
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 15
Buildings insurance..................... 0
Contents insurance...................... 10
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 40
Total monthly expenses.................. 1874
Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 0
No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-
Monthly Budget Summary
Total monthly income.................... 1,874
Expenses (including HP & secured debts). 1,874
Available for debt repayments........... 0
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 0Proud to be dealing with my debts
:beer:
Official DFW nerd no.1900 -
Can i ask i went br few was ago i had or interview they would not allow holidays also not allowed a emergency fund? Yet everyone on here seems to put it down also not allowed life ins monthly payments?
Tow0 -
Did you have any surplus and did he impose an IPA with not allowing these?BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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Yes got a spa myself and partner br his spa came through Monday just waiting for mine but she did say i have one! They still took these off so i can pay more ipa!0
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