Filling out your Soa when you are both going BR.

Bnjracing

Bumping this up to see if any other experiences countrywide - we are North East

dottydora

Hi, I am glad I have already done this as I'm really confused having read that lot! My OH and I both work and have always just had one big pot. I earn more than my Oh so I put his outgoings pro-rata i.e. i put 285 rent on his and 485 on mine = 725. I did this with all outgoings and put incomings on his as his wages and no contribution from me and on mine my wages with no contribution from him. On section 13 I showed the totals of incomings and outgoings. I'm guessing people will be even more confused now! Anyway nobody has even mentioned it and we are now waiting for the letter post OR interview to confirm no IPA and OR said probably ED.

Merry_Gentry

XHTB and I went BR on the same day, but we did separate SOA. As in Tiger's first post, we listed household expenditure in full on each SOA, then put down the other person's contribution. I didn't get an IPA but I think they are (still) chasing him for one.

BR is individual, and even if the money goes into one big pot, you know how much of it is 'yours' from payslips, etc. so it should be possible to work out quite easily what the contributions are. If we had done ours together, we would most definitely have both got an IPA, and as we separated shortly after going BR this would have caused untold grief.

Just my experience, and HTHs

Queen

Hi, we went BR both at the same time my monthly income is £1425 and OH is £1180 what would out contributions be on each others soa sorry if I am being a bit thick!!!

Merry_Gentry

List all household expenses and total them
Calculate your income and your OH's income - if roughly the same, then probably 50/50 contribution; if not the same then work out the percentages
Their contribution on your SOA is #%
Your contribution on their SOA is #%

HTHs

Queen

sorry but could you please work out the contribution for my OH he earn £1180 and mine is £1425 approx

Queen

worked out income 75% contribution from me on OH soa £1068 and OH on mine £865 does these correct if joint we were probably looking at IPA of £150+ per month

Merry_Gentry

Queen, you need to calculate your total household expenditure.

Based on the income figures you gave, you would pay 55% and your OH would pay 45% of that total.

That should enable you to calculate the contribution you both pay.

Queen

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details MY Hubby
Monthly income after tax................ 1425 - 1180
Partners monthly income after tax....... 531 - 783
Benefits................................ 125
Other income............................ 0
Total monthly income.................... 2081
Monthly Expense Details
Mortgage................................ 285
Secured/HP loan repayments.............. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 144
Electricity............................. 100
Gas..................................... 155
Oil..................................... 0
Water rates............................. 38
Telephone (land line)................... 42
Mobile phone............................ 35
TV Licence.............................. 12
Satellite/Cable TV...................... 33
Internet Services....................... 10
Groceries etc. ......................... 500 - 125
Clothing................................ 125 30
Petrol/diesel........................... 0 100
Road tax................................ 0 17
Car Insurance........................... 0 58
Car maintenance (including MOT)......... 0 40
Car parking............................. 0
Other travel............................ 128
Childcare/nursery....................... 0
Other child related expenses............ 108
Medical (prescriptions, dentist etc).... 32 - 24
Pet insurance/vet bills................. 30
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 20
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20 -10
Haircuts................................ 20 - 10
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 2025

Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 0
Other assets............................ 0
Total Assets............................ 155000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(285)......0
Secured Debt.................. 17000....(120)......0
Total secured & HP debts...... 182000....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-

Monthly Budget Summary
Total monthly income.................... 2,081
Expenses (including HP & secured debts). 2,025
Available for debt repayments........... 56
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 56
Personal Balance Sheet Summary
Total assets (things you own)........... 155,000
Total HP & Secured debt................. -182,000
Total Unsecured debt.................... -0
Net Assets.............................. -27,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Could you please take a look at my SOA

Queen

sorry forgot £100 for petrol