SOA Question

diddly74

Hi there

We received our letters/pack today from the OR having been declared bankrupt on Monday, to fill in and return with statements etc before our telephone interview.

I have a question about our SOA. On the bankruptcy forms it only asked for certain items so I didn't list everything. Do I send to the OR a fully itemised SOA like the one I posted on here (the makesenseofcards one) so that they can see what our expenditure is etc.

D

philnicandamy

You dont have to but it'll help...I took the make sense one with me when I had the face to face interview..the OR was impressed with the info

diddly74

Oh cool - I have been sitting here worrying and almost in tears (there are other things also going on in my life that are important too and all vying for my attention at the moment). I was worried because the outgoings on my BR form do not fully show where our money goes every month like the other SOA does.

The Full SOA shows that we have about £30pm left after bills, mortgage and money put aside for stuff like car, healthcare and holidays. I didn't put that on the BR form.

I am rambling aren't I???? Sorry.

Congrats on your lovely son btw Phil! x

D

philnicandamy

1stly before I stop making complete sense....DONT PANIC!! they'll see where everything goes by bank statements etc anyhoo my OR commented about the SOA I took with me as it helped him more than the standard forms & didnt need to ask as many questions about stuff

Ramble away no matter how daft it sounds to you we'll always help...although I may not make any sense for a while till i'm back on planet earth!

diddly74

Update Update

Question: I have been sitting here, going thru our SOA, and according to my calculations, if we pay out/save for all eventualities (car, pets, insurance, etc) it will leave us with a £7.09 excess. Will the OR wonder about this? Will she question it?

This is our SOA

Money Going Out
Bills
Gas & Elec £ 154.00 currently on FixOnline 4 tariff with eon. Account £346 in debit (not put as a creditor as will even out in summer)
Water £ 43.41 Paid Monthly on a book - up to date
CC Tax £ 89.00 Paid Monthly - up to date
Hous ins £ 19.82 Paid by DD - up to date
TV lic £ 12.12 Paid by DD - up to date
Phone & Broadband & TV £ 67.80 With virginmedia - we have 2 school age children DT is a Student Nurse
Mobiles £ 50.00 Due to shift work and child care we feel these are necessary.
Life insurance £ 20.76 Linked with mortgage
Kids Swimming Lessons £ 36.20 2 children, very sporty.
Bills £ 493.11
Mortgage £ 582.76 With HSBC Fixed 10yr deal
£ 129.95
£ 139.61
Total £ 852.32
Food & Household Shopping £ 500.00
School Meals £ 80.00
Parking £ 76.00 AT has a monthly parking permit for work car park DT parking charge at Uni £3 a day
Petrol £ 160.00
Car Ins (2 Cars) £ 70.00 2 cars - AT starts work early - too early for public transport and has to be home for children. DT car needed as a Student Nurse has to travel 20 miles a day to uni and has placements within a 60 mile radius
Car Tax (2 Cars) £ 28.00
Car servicing/MOT/Breakdown £ 60.00
Health Costs & Vets bills £ 50.00
Clothing £ 80.00
Hair cuts £ 30.00
Holidays £ 100.00
Sub Total £ 1,234.00

Grand total of outgoings. £ 2,579.43


Money Coming In per Month
Salary (AT) £ 826.29
WTC £ 286.52
Total = £ 1,112.81
NHS Bursary (DT) £ 926.75
Child benefit £ 132.00
Child Tax Credit £ 414.96
Total £ 1,473.71
Total Income £ 2,586.52

Whats leftWhats left £ 7.09 Grr be so good it you could paste a excell spreadsheet in!

Comments and opinions please.

D

diddly74

bumping up

fermi

On the BR forms did you actually miss costs out altogether, or did you combine them into others?

I think I would send the OR a more detailed version before the interview. You would need to explain the difference in your interview anyway, so sending them a copy before will mean you won't have to dictate the modified version over the phone, and the examiner will have a chance to check it over before the interview.

fermi

diddly74 wrote: »

Question: I have been sitting here, going thru our SOA, and according to my calculations, if we pay out/save for all eventualities (car, pets, insurance, etc) it will leave us with a £7.09 excess. Will the OR wonder about this? Will she question it?

Excess?

Do you mean surplus or deficit?

If surplus, then of course no probs.

If a deficit, then as you have some items of discretionary expenditure (Holidays etc.... ) may be best to reduce to balance. Although not a big deal for that small amount.

diddly74

Oh fermi I have done that already. Sitting on my kitchen table is a lever arch worth of wage slips, bank and credit card statements, cut up cards, cheque books (all I could find) and a SOA just like I have posted above, all set out nicely and even coloured in sections so you can see what relates to what (I used to work in administration altho I am a Student Nurse now lol), and packed up ready to be posted to the OR this morning (if I can get the sorting office to take it - it won't fit in a post box).

When I put the figures on the BR forms - I didn't know whether we has to put everything or just the ESSENTIAL payments etc you need to make - like car tax and insurance. I have spoken to the OR and explained this already so she is expecting a revised SOA. I wish the BR forms had allowed more space for outgoings.

D

diddly74

fermi wrote: »

Excess?

Do you mean surplus or deficit?

If surplus, then of course no probs.

If a deficit, then as you have some items of discretionary expenditure (Holidays etc.... ) may be best to reduce to balance. Although not a big deal for that small amount.

I mean excess - if I run our home/life on the figures above and am allowed those, then we will have £7.09 left out of our incomes.

fermi

I see.

diddly74 wrote: »

When I put the figures on the BR forms - I didn't know whether we has to put everything or just the ESSENTIAL payments etc you need to make - like car tax and insurance. I have spoken to the OR and explained this already so she is expecting a revised SOA. I wish the BR forms had allowed more space for outgoings.

The forms are not very good, are they.

If you wanted to add to or submit a more detailed SOA on the forms then Q13 (blank pages at end) is for any extra information on any question. That can be used for the I&E sections. Problem is that it doesn't occur to most people that they can do that.