SOA Question

Allthegearnoidea_2

I have come across a problem with my SOA

As I am living with my mother at the moment, when I fill in my SOA form I assume I add her into the number of people living in the house and her income (State Pension) but when it comes to the amount I pay towards the bills do I put in the full amount of the bills or do I just put in what I pay. Also does the OR take into account her income when assessing for my IPA.

I am baffled

Merry_Gentry

You put down the full amount, then her contribution is half of the general household expenses. And no, they don't use her income for assessing any IPA.

Allthegearnoidea_2

I have added her to my SOA but now my surplus is 300 plus and I know thats way out. please can you have a look and explain it to me as I dont get it.

Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 960
Partners monthly income after tax....... 640 (my mothers pension)
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1600

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 420
Management charge (leasehold property).. 0
Council tax............................. 0 (Included in my rent)
Electricity............................. 50 ( I pay half of all utilities)
Gas..................................... 40
Oil..................................... 0
Water rates............................. 26
Telephone (land line)................... 20
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 400 (half mine)
Clothing................................ 80 (half mine)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 100 (all mine) she has a bus pass
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 40 half mine
Pet insurance/vet bills................. 0
Buildings insurance..................... 30 I pay half includes contents
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 10 mine
Entertainment........................... 0
Holiday................................. 40 half mine
Emergency fund.......................... 0
Total monthly expenses.................. 1298


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
credit cards/loans.............22710.....360.......0 all mine
Total unsecured debts..........22710.....360.......-


Monthly Budget Summary
Total monthly income.................... 1,600
Expenses (including HP & secured debts). 1,298
Available for debt repayments........... 302
Monthly UNsecured debt repayments....... 360 My IVA payments
Amount short for making debt repayments. -58

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -22,710
Net Assets.............................. -22,710

Allthegearnoidea_2

420 pound rent all mine

Merry_Gentry

You need to remove all the debts as obviously you won't be paying them once you are BR. Total up all joint household expenses, then put half of this down as your mother's contribution - you put down her contribution, not her full pension.

You have to pay for internet services out of your surplus - it's not allowed on your SOA.

peachyprice

Your Mum's contribution is £490, which is 1/2 of the household bills.

For things like clother, hair, prescriptions, holiday etc. you only put figures for yourself. The only things that your mum would contribute to would be the shared household bills.