Child Benefit On Soa

strimmerman

Can I just check that when completing the SOA we would include CB and WFTC on the SAO of me and not OH as I recieve it, along side our wages.

But I thought that I read somewhere on here that CB is not counted as income when they decide if you should have an IPO or not. Or did I imagine that. If I didn't imagine it for 4 children our CB is about £200 a month. Would that mean that if at the end of working out our SOA we had £200 surplus that it would be cancelled out and effectively be nil as that £200 would be equal to the CB......OR HAVE I GOT COMPLETELY THE WRONG END OF THE STICK ON THIS?

Also does that mean that WFTC/CB have to go on my SOA as it is paid to me or could we put in on OH's as it is paid to this household even if the giro is in my name?

I don't have our SOA's ready yet.

pink-lint_2

hi my OH went BR and our WTC and CB both are in my name and go into my bank account... but we still listed tham on OH soa as we are a family .

im not sue about the rest though ,

sorry cant help much more

pink

peachyprice

You include it in your income, but it can't be used to calculate an IPA, which means your surplus can be £299 (£200 cb + £99) before they can take an IPA

HTH

strimmerman

Thanks peachy.............that is the one bright spot so far on my day today...if you have read everything I keep posting on here you will know that everytime something else pops into my mind it is not straightforward (nothing we ever do is) and requires more questions and stress.

peachyprice

Always happy to help Strimmerman, if you're anything like me if you don't ask question when you think of them you forget what they were

Bailesy27

I am being a bit dumb and am fairly new to forum. How much surplus can you have before they impose an IPO ? IPA???

strimmerman

Bailesy27 - i new too but having to learn fast.......as per peachys post to me you have to have £100 surplus for them to impose an ipo. Hence Peahys post to me

You include it in your income, but it can't be used to calculate an IPA, which means your surplus can be £299 (£200 cb + £99) before they can take an IPA


my cb is worth about £200 a month so I can have £299.00 surplus made up of £99 general surplus and £200 of cb before they could impose an IPO....or at least that is how i understand it.

Blackpool_Saver

Please can somebody tell me what all the abbreviations are?

strimmerman

Have a look on main forum page where it says glossary copied this from there for you

OR = Official Receiver
IPA = Income Payment Agreement
IVA = Individual Voluntary Arrangement
IPO = Income Payment Order
DMP = Debt Management Plan
BR = bankrupt/bankruptcy
BRO = Bankruptcy Restriction Order
CCCS - Consumer Credit Counselling Service
DFW = Debt-free Wannabe
SOA = Statement of Affairs
HPA = Hire Purchase Agreement
DCA = Debt Collection Agency

also

OH other hald
DH Darling husband

Have a read through thread all should become clear.....hope that helps