Soa Questions Form Filling

Skintboy37

Hello I am Filling out my soa form at the moment and I have a few questions that I hope somebody else who has filled it out can help me with.

I am self employed so have only filled out a estimate of tools of the trade (basic diy tools) is this ok?

I sold my van which was old and rusty for 300 earlier in the year is it ok to put this in the disposed vehicle part of form with the info?

On the bank accounts and credit cards section,do you have to list all your cards even the ones you are including in the br,i have 8 cards and there is only 6 spaces to list them?

average monthly takehome? How do i get to this figure as i am self employed may earn 500 one month then nothing the next? average it out ?

where does housing benefit go on the form and do you still put that in the monthly outgoings as well?

I know thats lots of questions but i would be happy for the answers .

Thanks in advance . Skintboy .

nervousmother

Skintboy37 wrote: »

Hello I am Filling out my soa form at the moment and I have a few questions that I hope somebody else who has filled it out can help me with.

I am self employed so have only filled out a estimate of tools of the trade (basic diy tools) is this ok? Yes as long as it is a true estimate

I sold my van which was old and rusty for 300 earlier in the year is it ok to put this in the disposed vehicle part of form with the info? yup

On the bank accounts and credit cards section,do you have to list all your cards even the ones you are including in the br,i have 8 cards and there is only 6 spaces to list them? you cant pick and choose all cards have to be listed if there is no space on the back of the forms add a page

average monthly takehome? How do i get to this figure as i am self employed may earn 500 one month then nothing the next? average it out ? yes average it out, you probably wont get a ipo straight away your or may wait to see what you earn over 3 months then take the average

where does housing benefit go on the form and do you still put that in the monthly outgoings as well? list your benefit as income, the rent as expenditure

I know thats lots of questions but i would be happy for the answers .

Thanks in advance . Skintboy .

Hope that is of some help

Skintboy37

also as being self employed i paid no tax last year due to not earning enough what would i put in the tax per month? I am averaging 500 a month at the moment working for myself. please assist me .

fiveyearplan

If you paid no tax last year due to low income then put £0 down as that is what you paid last year. If you get anything wrong it isn't a big issue, you will be able to explain in your OR interview.