SOA for a family of 5 - Please can you have a look!!

Zandytobedebtfree

Hi all

Please can you have a look and let me know what you think.

We are 2 adults and 3 kids aged 9 years, 16 months & 3 months.

I do have a car, but at present is not on the road, due to needing work, but reluctant to pay for repairs at present, as feel that car may be taken, so don't see point of paying out for it IYSWIM - So that is why no petrol on SOA!

Benefits is broken down as £459pm for CTC, £186pm CB & £260pm HB.

Oldest Child has school dinners, which is included in other child related expense.


Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 905
Other income............................ 0
Total monthly income.................... 2105

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 18
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100
Petrol/diesel........................... 0
Road tax................................ 15
Car Insurance........................... 34
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 110
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 60
Emergency fund.......................... 0
Total monthly expenses.................. 2009


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 2,105
Expenses (including HP & secured debts). 2,009
Available for debt repayments........... 96
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 96

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

Also DH pays £100pm into company pension, that is deducted from Salary, so the above figure is after this has been taken - would the OR look to stop this?

Many Thanks for taking a look and any help is much appreciated!!

DON79

Zandytobedebtfree wrote: »

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 905
Other income............................ 0
Total monthly income.................... 2105

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 18 - has to be paid from any surplus
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 100 - increase this to £150 for a family of five.
Petrol/diesel........................... 0 - OR may question why there is no petrol but explain as above.
Road tax................................ 15
Car Insurance........................... 34
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 110
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40 - not usually allowed but leave it and see
Haircuts................................ 30 - £10 per adult and £5 per child
Entertainment........................... 0
Holiday................................. 60 - increase this to £80/£100
Emergency fund.......................... 0
Total monthly expenses.................. 2009


Also DH pays £100pm into company pension, that is deducted from Salary, so the above figure is after this has been taken - would the OR look to stop this?

Have made some notes and hope this helps, is your OH going BR too? If so, he would need to mention his pension on the forms but that it is deducted at source. If he is not, then it does not need mentioned at all.

Donna

Zandytobedebtfree

Many Thanks Donna

Will update and yes DH is going BR as well!!! :eek:

Zandytobedebtfree

Updated SOA - If anyone wants to add anything else, then let me know


Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 905
Other income............................ 0
Total monthly income.................... 2105

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 18
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 150
Petrol/diesel........................... 0
Road tax................................ 15
Car Insurance........................... 34
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 110
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 100
Emergency fund.......................... 0
Total monthly expenses.................. 2104


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 2,105
Expenses (including HP & secured debts). 2,104
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)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.


Many Thanks again

JCS1

As the car is SORN, the OR will highly likely take it from you - by it being SORN you have shown it's not necessary (in their view, anyway).

dalip

JCS1 If the car is SORN then can they still put car expenses on their SOA??

peachyprice

Don't think you can D
It can't be SORN and used at the same time. If it's SORN you're not paying road tax on it, so you can't claim for that, and if it isn't taxed you can't use it on the road, so you can't claim for petrol. The only thing you could still possibly claim for is insurance.

Zandytobedebtfree

FYI - car is not SORN as still taxed, MOT and Insured, just not able to drive it as need new radiator and Shock Absorber!!!

This is why no petrol at present, but when it is on road, then I would normally only use about £10pw. To ferry DD to clubs and for me to go to baby clubs and visit family as they are not local to me.

So as car is not essential for me to you, It seems likely that the OR will want to take, and this is why we have not paid to have repaired.

Hope that clears this one

cheers

peachyprice

In that case, put the costs down as if you were using it and don't tell the OR is isn't working.

If you put nil for petrol the OR will assume you're able to get about without it and will most definitley take it.

Zandytobedebtfree

Updated SOA with Petrol costs - Many Thanks x

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 3
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 905
Other income............................ 0
Total monthly income.................... 2105

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Hire Purchase (HP) repayments........... 0
Rent.................................... 750
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 45
Gas..................................... 45
Oil..................................... 0
Water rates............................. 18
Telephone (land line)................... 60
Mobile phone............................ 0
TV Licence.............................. 12
Satellite/Cable TV...................... 18
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 110
Petrol/diesel........................... 43
Road tax................................ 15
Car Insurance........................... 34
Car maintenance (including MOT)......... 15
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 110
Medical (prescriptions, dentist etc).... 20
Pet insurance/vet bills................. 20
Buildings insurance..................... 0
Contents insurance...................... 12
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 32
Haircuts................................ 35
Entertainment........................... 0
Holiday................................. 100
Emergency fund.......................... 0
Total monthly expenses.................. 2099


Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 500

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 2,105
Expenses (including HP & secured debts). 2,099
Available for debt repayments........... 6
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 6

Personal Balance Sheet Summary
Total assets (things you own)........... 500
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 500

Created using the SOA calculator at https://www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission.

dalip

Sorry about that:o . Does either of you work?. If so and you say you need the car for work,, then unless it's worth megga bucks,which from what you have said it isn't,you might well be able to keep it.Dx