Another SOA!

umgeni

Could I have some help with my SOA please?

There are some high expenses on this but they are all genuine.
Firstly the fuel costs are £470 pm, I travel at least 100 miles per day to get to work and I have a 4x4 which does 25mpg. I need this vehicle to carry surveying equipment and to go over rough ground on site (I'm a site engineer).
The maintenance costs also reflect the high mileage I do.

The child costs of £450 are payments to my ex, this is about £125 higher than the CSA would ask for, but we agreed this years ago and has since stuck (and I don't mind paying it!)

Thanks for your help in advance!

Statement of Affairs & Personal Balance Sheet
Summary
Monthly Budget Summary Amount(£)
Total monthly income 2,172
Monthly expenses (incl. HP & secured loans) 2,434
Available for debt repayments -262
UNsecured debt repayments 0
Amount short for making debt repayments -262
Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 1,000
Total Secured & HP Debt -0
Total Unsecured Debt -0
Net Assets 1,000
Household Information
Number of adults in household 1
Number of children in household 0
Number of cars owned 1
Income, Expense, Debt & Asset Details
Income Amount(£)
Monthly income after tax 2172
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 2172

Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 650
Management charge (leasehold property) 130
Council tax 65
Electricity 100
Gas 0
Oil 0
Water Rates 10
Telephone (land line) 15
Mobile phone 25
TV Licence 10
Satellite/Cable TV 0
Internet services 0
Groceries etc. 150
Clothing 80
Petrol/diesel 470
Road tax 15
Car Insurance 55
Car maintenance (including MOT) 84
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 450
Medical (prescriptions, dentists, opticians etc.) 25
Pet Insurance/Vet bills 0
Buildings Insurance 0
Contents Insurance 15
Life Assurance 10
Other Insurance 0
Presents (birthday, christmas etc.) 30
Haircuts 10
Entertainment 0
Holiday 35
Emergency Fund 0
Total monthly expenses 2434

Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
Mortgage 0 (0) 0
Secured & HP Debt totals 0 - -
Unsecured Debt Description Debt(£) Monthly(£) APR(%)
Unsecured Debt totals 0 0 -

Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 1000
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 1000

fredfedup

Bumping you along.......

Tinytim

umgeni wrote: »

Could I have some help with my SOA please?

There are some high expenses on this but they are all genuine.
Firstly the fuel costs are £470 pm, I travel at least 100 miles per day to get to work and I have a 4x4 which does 25mpg. I need this vehicle to carry surveying equipment and to go over rough ground on site (I'm a site engineer).
The maintenance costs also reflect the high mileage I do.
You may have to justify this to the OR - almost 25% of you net income seems a very high amount - does your employer pay anything to this?

The child costs of £450 are payments to my ex, this is about £125 higher than the CSA would ask for, but we agreed this years ago and has since stuck (and I don't mind paying it!)
The OR will normally only allow this at the CSA rate, with any extra being payable out of surplus

Thanks for your help in advance!

Statement of Affairs & Personal Balance Sheet
Summary
Monthly Budget Summary Amount(£)
Total monthly income 2,172
Monthly expenses (incl. HP & secured loans) 2,434
Available for debt repayments -262
UNsecured debt repayments 0
Amount short for making debt repayments -262
Personal Balance Sheet Summary Amount(£)
Total Assets (things you own) 1,000
Total Secured & HP Debt -0
Total Unsecured Debt -0
Net Assets 1,000
Household Information
Number of adults in household 1
Number of children in household 0
Number of cars owned 1
Income, Expense, Debt & Asset Details
Income Amount(£)
Monthly income after tax 2172
Partners monthly income 0
Benefits 0
Other income 0
Total monthly income 2172

Expenses Amount(£)
Mortgage 0
Secured/HP loan payments 0
Rent 650
Management charge (leasehold property) 130
Council tax 65
Electricity 100
Gas 0
Oil 0
Water Rates 10 This seems low?
Telephone (land line) 15
Mobile phone 25 Lump together with land line
TV Licence 10
Satellite/Cable TV 0
Internet services 0
Groceries etc. 150 Try £190 - more if you have your child stay with you regularly
Clothing 80 You may have to justify over about £60
Petrol/diesel 470
Road tax 15
Car Insurance 55
Car maintenance (including MOT) 84
Car Parking 0
Other travel 0
Childcare/nursery 0
Other child related expenses 450
Medical (prescriptions, dentists, opticians etc.) 25
Pet Insurance/Vet bills 0
Buildings Insurance 0
Contents Insurance 15
Life Assurance 10 The OR may have an interest in this. If term assurance you can normally buy back the BI for £50
Other Insurance 0
Presents (birthday, christmas etc.) 30 Not normaly allowed
Haircuts 10
Entertainment 0
Holiday 35
Emergency Fund 0
Total monthly expenses 2434

Secured & HP Debt Description Debt(£) Monthly(£) APR(%)
Mortgage 0 (0) 0
Secured & HP Debt totals 0 - -
Unsecured Debt Description Debt(£) Monthly(£) APR(%)
Unsecured Debt totals 0 0 -

Asset Description Value (£)
Cash 0
House Value (Gross) 0
Shares and bonds 0
Car(s) 1000
Other assets (e.g. endowments, jewellery etc) 0
Total Assets 1000

Hope that helps, but I would be concerned at having such a significant deficit

umgeni

Thanks for that!
Regarding the fuel costs, that's just the way it is, I work through agencys and normaly have to travel at least 50 miles each way to sites.

Would the OR be suspicious about any deficit?
No matter how I work it I always seem to be overspending!

Which is probably what got me into this mess in the first pace