My SOA ready for BR forms - any advice greatly appreciated xx

tigerfeet2006

No problems, good luck with it and post them both up when you have sorted and someone can double check for you.

fiveyearplan

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................ 700
Partners monthly income after tax....... 1180 make sure this isn't total income but contribution
Benefits................................ 135.85
Other income............................ 281
Total monthly income.................... 2296.85
Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 450
Management charge (leasehold property).. 0
Council tax............................. 86.67 Round up to £87
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 35.19 £35
Telephone (land line)................... 57
Mobile phone............................ 0
TV Licence.............................. 11.61 £12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 450 up this to £500
Clothing................................ 50 £80
Petrol/diesel........................... 130
Road tax................................ 18.33 £18
Car Insurance........................... 47 Make sure this is fully comp.
Car maintenance (including MOT)......... 20
Car parking............................. 60
Other travel............................ 0
Childcare/nursery....................... 650
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 17.1 £20
Pet insurance/vet bills................. 25 £20
Buildings insurance..................... 0
Contents insurance...................... 25 Does this include accidental damage?
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 Some allow, some don't but leave and see
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 20 40 maybe more
Emergency fund.......................... 0
Total monthly expenses.................. 2292.9

I've made a few comments above in purple.

completemess

Thanks fyp, I had to put some of the figures lower as we don't have enough surplus otherwise, we would have a deficit. Only thing that is concerning me if i'm on maternity leave at the moment but go back to work in Feb, the child tax credits are only estimated and may be more - can we up the figures as you have suggested at a later date if necessary so we don't have to pay into an IPA. My husband is being forced into BR in 2 weeks, I am going to petition mine once we are settled in the new house and have gas/electricity in etc x

fiveyearplan

I had a negative surplus on my SOA and was never questioned. I would rather have negative in case they don't allow any of the things you've put down. Yes, though if your circumstances change then you can re-do it but it seems a hassle.

Will you be able to transfer your utilities to your new home?

completemess

ps. the figures i've listed are once i'm back in work, shall my husband use these as technically they won't be in effect until mid Feb and he is going BR in January? Otherwise there will be a major deficit on his forms as I am on nil pay for a month before my return x

fiveyearplan

I'd put what the figures are now. If there is negative he can explain why.

completemess

That's good to know I thought for some reason you aren't allowed to go BR with a deficit, will up them then.

The utilities we have not missed any payments but I think we do owe them some money. I was thinking of using a different supplier at the new property so if we do owe anything it can be included. Does that sound ok???

fiveyearplan

I'm not sure you can include the utilities - I suppose you could if you have signed up with someone else. They may chase you for them but if you are going BR shortly (within the next few months) I don't think they would have time to take you to court for payment.

completemess

fiveyearplan wrote: »

I'd put what the figures are now. If there is negative he can explain why.

That might be better actually. I've just mentioned it to him now and he said maybe we could print a copy of the makingsenseofcards soa and take the OR a copy for information purposes in case any questions are asked x

fiveyearplan

The OR will get a copy of the SOA you put down on your BR forms so you need to make sure you are speaking about the same one.

Most probably his interview will be by phone. Mine was in person but most are by phone - I had 2 businesses which I think complicated the matter so they wanted to see me in person but I felt better able to explain in person so didn't mind.