SOA excluding our son's DLA.

Sammy3008

Have just done a new SOA, can anyone check this for us, anything need changing? Thanks.

Household Information[/b]
Number of adults in household........... 2
Number of children in household......... 2
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 0
Benefits................................ 182
Other income............................ 0
Total monthly income.................... 1932
Monthly Expense Details
Mortgage................................ 495
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 86
Electricity............................. 35
Gas..................................... 58
Oil..................................... 0
Water rates............................. 32
Telephone (land line)................... 30
Mobile phone............................ 20
TV Licence.............................. 12
Satellite/Cable TV...................... 30
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 50
Petrol/diesel........................... 120
Road tax................................ 20
Car Insurance........................... 30
Car maintenance (including MOT)......... 20
Car parking............................. 10
Other travel............................ 10
Childcare/nursery....................... 0
Other child related expenses............ 34
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 20
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 35
Haircuts................................ 18
Entertainment........................... 0
Holiday................................. 50
Emergency fund.......................... 10
Total monthly expenses.................. 1759

Assets
Cash.................................... 250
House value (Gross)..................... 75000
Shares and bonds........................ 0
Car(s).................................. 3000
Other assets............................ 0
Total Assets............................ 78250

Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 76028....(495)......0
Total secured & HP debts...... 76028.....-.........-
Unsecured Debts
Description....................Debt......Monthly...APR
DMP............................0.........150.......0
Loan...........................15000.....202.......0
Overdraft......................2500......0.........0
Loan...........................24000.....155.......0
Loan...........................9500......0.........0
Credit Card....................3600......0.........0
Loan...........................10000.....101.......0
Loan...........................14000.....109.......0
Total unsecured debts..........78600.....717.......-

Monthly Budget Summary
Total monthly income.................... 1,932
Expenses (including HP & secured debts). 1,759
Available for debt repayments........... 173
Monthly UNsecured debt repayments....... 717
Amount short for making debt repayments. -544
Personal Balance Sheet Summary
Total assets (things you own)........... 78,250
Total HP & Secured debt................. -76,028
Total Unsecured debt.................... -78,600
Net Assets.............................. -76,378

So_Sad_Angel

Hi Sammy

Would be interested if anyone else knows if DLA should be shown....if your son is over 18 & contributes to the outgoings (ie board etc) then maybe it should.

Be interested in others` comments.

Angiexx

Feelingfoolish_3

Hiya
In the world of debt and negotiating, DLA is classed as income but then taken straight out as disability expenditure, so in effect not included. Im sure it will be the same in BR but not definate. Im sure someone will know the answer, alternatively give the IS helpline a ring.