Soa

1bigmess

Hi all,

I went BR in September 2008. At the time I was unemployed as my business had just failed. I am now in work and having informed my OR, I've just received an IPOQ. Can someone please check my figures over and let me know what you think? Based on 2 adults and one child (aged 3)

INCOME

My earnings - £1300
Wife's contribution - £300
Child tax credits - £130

TOTAL - £1730

Mortgage - £281
Secured Loan - £264
Gas - £31
Electricity - £43
Water - £43 (on meter)
Petrol - £150 (mainly work travel)
Clothes - £90
Life insurance - £20
Buildings and contents - £25
Car insurance - £19
Car tax - £15
Car repairs including MOT - £20
Mobile phone - £25
Medical (prescriptions/opticians etc - wife has glasses which are expensive!!) - £30
TV licence - £12
Hair cuts - £25
Holiday - £35
Household/groceries - £375
Vets - £20
Nursery- £140
Council Tax - £99

TOTAL - £1762

Deficit of £32 per month

Any guidance much appreciated. My wife does earn slightly more than her contribution. We keep this for the things that I can not get credit for anymore such as repairs etc. Do I need to list full earnings or just what she contributes to household bills?

Many thanks as always

tigerfeet2006

No you only have to list her contribution to the joint household bills.

Figures seem fair to me. If he asks about the deficit then just say you are working to get it sorted.

dalip

1bigmess wrote: »

Hi all,

I went BR in September 2008. At the time I was unemployed as my business had just failed. I am now in work and having informed my OR, I've just received an IPOQ. Can someone please check my figures over and let me know what you think? Based on 2 adults and one child (aged 3)

INCOME

My earnings - £1300
Wife's contribution - £300
Child tax credits - £130

TOTAL - £1730

Mortgage - £281
Secured Loan - £264
Gas - £31
Electricity - £43
Water - £43 (on meter)
Petrol - £150 (mainly work travel)
Clothes - £90£70
Life insurance - £20
Buildings and contents - £25
Car insurance - £19
Car tax - £15
Car repairs including MOT - £20
Mobile phone - £25£10
Medical (prescriptions/opticians etc - wife has glasses which are expensive!!) - £30£20
TV licence - £12
Hair cuts - £25
Holiday - £35
Household/groceries - £375
Vets - £20
Nursery- £140
Council Tax - £99

TOTAL - £1762

Deficit of £32 per month

Any guidance much appreciated. My wife does earn slightly more than her contribution. We keep this for the things that I can not get credit for anymore such as repairs etc. Do I need to list full earnings or just what she contributes to household bills?

Many thanks as always

Ok i am not a great believer of showing a deficit(sorry TF) so have altered some of your figures so that you are now £12 in credit. It is of course entirely up to you which way you want to go.Dx

1bigmess

Thank you both for the replies. Much appreciated.