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Soa advice

2

Comments

  • nudenut0121
    nudenut0121 Posts: 135 Forumite
    angels01 wrote: »
    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!!

    Can i ask you if the rent i will be paying to my parents is in line with what the OR found acceptable in your BR?

    Thanks again.
  • JCS1
    JCS1 Posts: 5,336 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Rent/Board figure looks fine, maybe even a little low. You would definitely struggle to rent anywhere including utilties for that amount. It needs to be enough to cover the increased costs your parents have, but not too high that it looks like it is a balancing figure on your SOA
  • angels01
    angels01 Posts: 111 Forumite
    I would think so yes. I think I put £150 but that 4 and half years ago and the cost of living has completely gone up! Maybe put a little higher (to allow for winter months) if the OR doesn't think it should be that high he/she will tell you.
  • nudenut0121
    nudenut0121 Posts: 135 Forumite
    A1 advice cheers me dears x :j
  • angels01
    angels01 Posts: 111 Forumite
    no probs nudenut I only wish I found this site 4 and half years ago... would have helped me greatly having all these fantastic people giving all the great advice they do to many, many people.
  • nudenut0121
    nudenut0121 Posts: 135 Forumite
    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

    Anyone?sorry to be a pain!
  • confused76
    confused76 Posts: 12,680 Forumite
    Part of the Furniture Combo Breaker
    if you have £99 and under surplus (subject to any changes the OR might wish to make) you won't get an IPA. £100 and over surplus is subject to an IPA of varying amounts, there is a table somewhere will see if i can find it

    edit - here you go
    Between £100 and £249 = 50% of surplus payable
    Between £250 and £349 = 60% of surplus payable
    Between £350 and £499 = 66% of surplus payable
    £500 or more = 70% of surplus payable
  • nudenut0121
    nudenut0121 Posts: 135 Forumite
    so if im over by 20 quid the ipa will be 50 per cent of that??

    Sorry if i seem thick.:rotfl:
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    on a £118 surplus you will pay £59pm for 36 months plus whatever your tax is until April
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • confused76
    confused76 Posts: 12,680 Forumite
    Part of the Furniture Combo Breaker
    if you have £120 surplus £60 payable, make sense?
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