Soa advice

nudenut0121

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details[/b]
Monthly income after tax................ 1200
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1200

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 160
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 160
Clothing................................ 80
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 40
Car maintenance (including MOT)......... 15
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 14
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 0
Haircuts................................ 20
Entertainment........................... 0
Holiday................................. 80
Emergency fund.......................... 0
cash maintainence for 1 child........... 160
csa for two children.................... 228
Total monthly expenses.................. 1082



Monthly Budget Summary
Total monthly income.................... 1,200
Expenses (including HP & secured debts). 1,082
Available for debt repayments........... 118
Monthly UNsecured debt repayments....... 0
Amount left after debt repayments....... 118

Could anyone out there have a look at this soa and give me some advice please? This will be my post br s.o.a and my rent payment will go to my parents to include all utilities,also i have my children every week,have i over/under calculated anything?
Many thanks everyone.

confused76

hi i would increase car maintenance up to £40, i put this and it was ok. remember it has to cover MOT, tyres, service, repairs and they soon mount up

is the maintenance within the CSA guidelines?

other than that it looks ok to me

nudenut0121

Once again thanks confused:j the csa payments to my two kids are based on my current wages and the cash payment is the agreement we have come to as hes only 3 months.Could i include dry cleaning?Do you reckon the OR will be ok with the grocery?
Thanks again.

confused76

do you need dry cleaning for your job? if so £10 is ok. the grocery amount is fine for one person, and you're feeding your kids sometimes as well i imagine. i can't see this being a problem

nudenut0121

Thanks confused so if i have a surplus of 118 a month how much do you think il have to pay to IPA?
Would it be the tax on a nil tax code??

Thankyou for your speedy replies.:T

debtinfo

Hi nudenut, can you just explain the maintenance again, how many children do you have in total and who do they live with you.

Also i believe the OR may have a problem with your clothing and maintenance, (the amount, not about making some provision)

nudenut0121

Hi debt info they live with my ex,but i have them weekly.Three in total.2 with ex wife,1 with ex girlfriend.

The clothing takes into account i have to have spares for when they are at mine.thanks again.

debtinfo

Then I believe the total amount of maintenance that will be allowed is 25% of income or £270 in line with CSA guidelines

nudenut0121

Thanks i'll adjust this.Much appreciate your advice.:D:D

angels01

If i remember correctly I was allowed £180 for groceries (as a single lady back when I filed for BR) and I went back to living with my parents!

Also where do you park to only pay £10 per month?? I wanna live where you do!!

nudenut0121

Thanks angels but i was allowing ten pound per month for day trip parking, when i go out with kids.i'll adjust the groceries.
Thanky:Tu!!!