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IPOQ arrived this morning, please check my soa
jammie1
Posts: 119 Forumite
My IPOQ form arrived this morning but there have been a few changes to my soa since going br as my oh has moved back in, I was on mat leave at time of br so just want to make sure my new soa is ok. So if you could have a look at it for me that would be great. Still waiting for an exact figure for child tax credits as oh only just moved back in so have just used figure from entitledto so hope thats ok. Here goes and thanks in advance for any comments etc.
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1121
Partners monthly income after tax....... 120
Benefits................................ 532
Other income............................ 0
Total monthly income.................... 1773
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 50
Gas..................................... 55
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 36
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1772
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.................... 1,773
Expenses (including HP & secured debts). 1,772
Available for debt repayments........... 1
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1121
Partners monthly income after tax....... 120
Benefits................................ 532
Other income............................ 0
Total monthly income.................... 1773
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 50
Gas..................................... 55
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 50
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 36
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 14
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
Total monthly expenses.................. 1772
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.................... 1,773
Expenses (including HP & secured debts). 1,772
Available for debt repayments........... 1
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
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Comments
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You do not say how many adults/children in the houshold so diffacult to say if your amounts are reasonable or not? Also is your partners contribution really that low??? DxFree impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D0 -
My IPOQ form arrived this morning but there have been a few changes to my soa since going br as my oh has moved back in, I was on mat leave at time of br so just want to make sure my new soa is ok. So if you could have a look at it for me that would be great. Still waiting for an exact figure for child tax credits as oh only just moved back in so have just used figure from entitledto so hope thats ok. Here goes and thanks in advance for any comments etc.
Statement of Affairs and Personal Balance Sheet
Monthly Income Details
Monthly income after tax................ 1121
Partners monthly income after tax....... 120 does your OH work?Is there a reason for this being quite low?
Benefits................................ 532
Other income............................ 0
Total monthly income.................... 1773
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 675
Management charge (leasehold property).. 0
Council tax............................. 120
Electricity............................. 50
Gas..................................... 55
Oil..................................... 0
Water rates............................. 29
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 13
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 50 £90 for you and little one
Petrol/diesel........................... 100
Road tax................................ 15
Car Insurance........................... 36 make sure this is fully comp.
Car maintenance (including MOT)......... 25
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0 no childcare?
Other child related expenses............ 0 £5 per week for activities.
Medical (prescriptions, dentist etc).... 0 £20
Pet insurance/vet bills................. 10
Buildings insurance..................... 0
Contents insurance...................... 14 make sure this has accidental damage.
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20 £15
Entertainment........................... 0
Holiday................................. 0 £50
Emergency fund.......................... 0
Total monthly expenses.................. 1772
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.................... 1,773
Expenses (including HP & secured debts). 1,772
Available for debt repayments........... 1
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 1
Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using other browser.
Some figures to play with.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
Maybe partner looks after child which is why their income contribution is low??
:j :j
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Sorry there are 2 adults and 2 young children, my partner is only getting incapacity at the moment as he has mental health problems, currently in hospital again.0
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I am so sorry to hear that. I hope that things get better for him soon.
Right in that case you obviously won't be getting any extra money unless your tax credits go up so ignore my comments and leave it as it is. If you do get any extra put it on groceries and/or activities £5 per child per week.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0 -
Is the £120 his incapacity benefit? If so, shouldn't it go in the benefits section?
:j :j
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Wasn't sure about where to put the incapacity it as it isn't the whole amount as he needs some money for his bills and travel etc so it is just his contribution, will add it to benefits and give them a break down of the benefits. He is also in the process of claiming dla, but this would be used for his own needs eg travel to hospital, gym (his meds make him put weight on so has been recommended) etc would I need to let them know about that if/when he gets it?0
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No you wouldn't, as you said it is for his own medical needs and will be counted as so.BSCno.87The only stupid question is an unasked oneLoving life as a Kernow Hippy0
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Wasn't sure about where to put the incapacity it as it isn't the whole amount as he needs some money for his bills and travel etc so it is just his contribution, will add it to benefits and give them a break down of the benefits. He is also in the process of claiming dla, but this would be used for his own needs eg travel to hospital, gym (his meds make him put weight on so has been recommended) etc would I need to let them know about that if/when he gets it?
In that case put it down wherever you feel most comfortable. You can always explain anything in your interview if asked. The forms can be a minefield to fill in so you aren't expected to get everything 100% right - just be honest and you'll be fine.
:j :j
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