IPAQ for Eearly Discharge

Queen

Household Information[/b]
Number of adults in household........... 3
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1437
Partners monthly income after tax....... 985
Benefits................................ 132 - Child Benefir
Other income............................ 0
Total monthly income.................... 2554
Monthly Expense Details
Mortgage................................ 215
Secured/HP loan repayments.............. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 100 - No arrears
Gas..................................... 155 - No arrears
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 62
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10 - Needed for School & College
Groceries etc. ......................... 600
Clothing................................ 155
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 130
Childcare/nursery....................... 40 - Kids Clubs
Other child related expenses............ 68 - School Meals
Medical (prescriptions, dentist etc).... 28
Pet insurance/vet bills................. 30
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 21
Other insurance......................... 44 - Accident,sickneess,unemployment
Presents (birthday, christmas etc)...... 40
Haircuts................................ 30
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 10- Dry Cleaning

Total monthly expenses.................. 2187

Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 157000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(215)......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.................... 2,554
Expenses (including HP & secured debts). 2,187
Available for debt repayments........... 367
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 367
Personal Balance Sheet Summary
Total assets (things you own)........... 157,000
Total HP & Secured debt................. -182,000
Total Unsecured debt.................... -0
Net Assets.............................. -25,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Could you please take a look and see what you think need to fill forms in and return within 14 days.

Queen

Household Information[/b] SOA FOR MY HUBBY WE ARE BOTH BR
Number of adults in household........... 3
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1192
Partners monthly income after tax....... 1256
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 2580
Monthly Expense Details
Mortgage................................ 215
Secured/HP loan repayments.............. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150
Electricity............................. 100
Gas..................................... 155
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 62
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 600
Clothing................................ 155
Petrol/diesel........................... 130
Road tax................................ 20
Car Insurance........................... 58
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 68
Medical (prescriptions, dentist etc).... 28
Pet insurance/vet bills................. 30
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 21
Other insurance......................... 44
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 2275

Assets
Cash.................................... 0
House value (Gross)..................... 15500
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 17500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(215)......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.................... 2,580
Expenses (including HP & secured debts). 2,275
Available for debt repayments........... 305
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 305
Personal Balance Sheet Summary
Total assets (things you own)........... 17,500
Total HP & Secured debt................. -182,000
Total Unsecured debt.................... -0
Net Assets.............................. -164,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Queen

Could you please take a look at both SOA and see if I have left anything off I calculate on figures

£235 surplus for me = £117.50 IPA
£173 suplus for OH - £117.50 leaving £55.50 no IPA

The above surplus's are less child benefit of £132

Hope I havn't made this to complicated
xx

Queen

Anyone take a look before I fill forms in and send off the letter states I need to return within 14 days when will first payment be for IPA do you think

Lost2

Hi Queen sorry I cant help but there will be someone along soon
to help you Good Luck

Queen

Does anyone know of the OR will allow an amount for boiler breakdown service and breakdown cover as I understand that they do not allow amount for emergencys

EnslavedByDebts

Queen wrote: »

Household Information[/b]
Number of adults in household........... 3
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1437
Partners monthly income after tax....... 985
Benefits................................ 132 - Child Benefir
Other income............................ 0
Total monthly income.................... 2554
Monthly Expense Details
Mortgage................................ 215
Secured/HP loan repayments.............. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150 This seems high have you divided the yearly figure over 12 months or put the 10 month figure in?
Electricity............................. 100 - No arrears You may have to prove this as quite high
Gas..................................... 155 - No arrears As electric
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 62 £60 is max allowed for land line and mobile combined
Mobile phone............................ 20 See above
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10 - Needed for School & College
Groceries etc. ......................... 600
Clothing................................ 155
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 130
Childcare/nursery....................... 40 - Kids Clubs
Other child related expenses............ 68 - School Meals This is high for school dinners for one child. Primary is £4 and secondary is £5 i think someone will know more
Medical (prescriptions, dentist etc).... 28 This is high usual allowance is about £20
Pet insurance/vet bills................. 30 £20 is allowance
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 21
Other insurance......................... 44 - Accident,sickneess,unemployment Not sure if this is allowed may have to come from surplus
Presents (birthday, christmas etc)...... 40 Probably will get cut by OR
Haircuts................................ 30 £10 per adult £5 per child
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 10- Dry Cleaning

Total monthly expenses.................. 2187

Assets
Cash.................................... 0
House value (Gross)..................... 155000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 157000

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(215)......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.................... 2,554
Expenses (including HP & secured debts). 2,187
Available for debt repayments........... 367
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 367
Personal Balance Sheet Summary
Total assets (things you own)........... 157,000
Total HP & Secured debt................. -182,000
Total Unsecured debt.................... -0
Net Assets.............................. -25,000
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

Could you please take a look and see what you think need to fill forms in and return within 14 days.

That is may take on SOA but others may have other suggestions

EnslavedByDebts

Queen wrote: »

Household Information[/b] SOA FOR MY HUBBY WE ARE BOTH BR
Number of adults in household........... 3
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1192
Partners monthly income after tax....... 1256
Benefits................................ 132
Other income............................ 0
Total monthly income.................... 2580
Monthly Expense Details
Mortgage................................ 215
Secured/HP loan repayments.............. 120
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 150 see comments on previous post
Electricity............................. 100 see comments on previous post
Gas..................................... 155 see comments on previous post
Oil..................................... 0
Water rates............................. 39
Telephone (land line)................... 62 see comments on previous post
Mobile phone............................ 20 see comments on previous post
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 600
Clothing................................ 155
Petrol/diesel........................... 130
Road tax................................ 20
Car Insurance........................... 58
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 40
Other child related expenses............ 68
Medical (prescriptions, dentist etc).... 28
Pet insurance/vet bills................. 30 see comments on previous post
Buildings insurance..................... 14
Contents insurance...................... 14
Life assurance ......................... 21
Other insurance......................... 44see comments on previous post
Presents (birthday, christmas etc)...... 40 see comments on previous post
Haircuts................................ 10
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
Total monthly expenses.................. 2275

Assets
Cash.................................... 0
House value (Gross)..................... 15500
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 0
Total Assets............................ 17500

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 165000...(215)......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.................... 2,580
Expenses (including HP & secured debts). 2,275
Available for debt repayments........... 305
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 305
Personal Balance Sheet Summary
Total assets (things you own)........... 17,500
Total HP & Secured debt................. -182,000
Total Unsecured debt.................... -0
Net Assets.............................. -164,500
Created using the SOA calculator at www.makesenseofcards.com.
Reproduced on Moneysavingexpert with permission, using IE browser.[/font]

As per other post see comments

EnslavedByDebts

Queen i think boiler repair will have to come from your surplus not an allowable expense on SOA.

EnslavedByDebts

Also on your figures as they are without any cuts by OR you will have higher IPA's than you have suggested. Hopefully someone can post the table.

Both you and OH will get an IPA your IPA is not taken off his surplus as far as i am aware.

Your IPA will be greater than 50% also i think 60% but as i said hopefully someone can post the table for you.

Lost2

Here is a table for you to look at
FROM AN EARLIER POST OF PHIL'S
(Where has he disappeared too? )