Help with SOA please

1worried1

Hi, could any of you make any comments about my soa? does this seem reasonable? or anything I'm not allowed?


Household Information[/b]
Number of adults in household........... 1
Number of children in household......... 1
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 2151
Partners monthly income after tax....... 0
Benefits................................ 130
Other income............................ 0
Total monthly income.................... 2281

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 825
Management charge (leasehold property).. 0
Council tax............................. 110
Electricity............................. 30
Gas..................................... 35
Oil..................................... 0
Water rates............................. 30
Telephone (land line)................... 0
Mobile phone............................ 20
TV Licence.............................. 13
Satellite/Cable TV...................... 17
Internet Services....................... 0
Groceries etc. ......................... 280
Clothing................................ 40
Petrol/diesel........................... 80
Road tax................................ 15
Car Insurance........................... 31
Car maintenance (including MOT)......... 35
Car parking............................. 0
Other travel............................ 113
Childcare/nursery....................... 545
Other child related expenses............ 10
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 20
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 5
Haircuts................................ 15
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 20
Total monthly expenses.................. 2299

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 850
Other assets............................ 0
Total Assets............................ 850

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly...APR
combined debts.................45494.....0.........0
Total unsecured debts..........45494.....0.........-

Monthly Budget Summary
Total monthly income.................... 2,281
Expenses (including HP & secured debts). 2,299
Available for debt repayments........... -18
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -18
Personal Balance Sheet Summary
Total assets (things you own)........... 850
Total HP & Secured debt................. -0
Total Unsecured debt.................... -45,494
Net Assets.............................. -44,644

JCS1

Looks good to me, just two thing - emergency fund usually not allowed, an what's the other travel?

fatbelly

Sky TV should go too

Expenses needs to be less than income in any case.

Apart from those minor comments, good job!

hunt85

Just jumping on the bandwagon here! what are the maximums of each thing? so i can get a idea on my own SOA? when i spoke to CCCS she changed a couple of things as they were over the "maximum" so i just wondered. What things are not allowed apart from sky etc as mentioned above.

kepar

He may question the rent, is that average for your area?

fatbelly

hunt85 wrote: »

Just jumping on the bandwagon here! what are the maximums of each thing? so i can get a idea on my own SOA? when i spoke to CCCS she changed a couple of things as they were over the "maximum" so i just wondered. What things are not allowed apart from sky etc as mentioned above.

The technical manual has some guidance here

1worried1

Thanks for your replies, yeah that is average rent for the area and thats only for a two bedroom flat!
have cancelled my sky contract now so will delete that from SOA now, The other travel is my annual seaon ticket for train to get to work. Is there anywhere else I can increase to put the emergency £20?

kepar

Playing devil's advocate for a moment , if you use the train for work why do you need a car?

philnicandamy

Presents birthdays etc wont be allowed either....along with sat tv/cable

Internet is only usually allowed for school/work use

1worried1

I have to drive my daughter to childcare which is a good few miles away and then have to drive to station. do you think they will make me sell my car? I thought if it was worth less than a £1000 they would let you keep it?

pauleenbruce

you are allowed to put some in holiday fund