So So So So Stupid

feelsolow

Thanks JMV

However I've just come across another stumbling block, the benefits that I inputted were based on my current salary of approximately 20k, currently the wtc are paying me based on my previous years salary of 8k (on mat leave for half of year) now they won't reduce my payments down and said that it will all sort itself out in April, now I get an additional £400 benefits which come next April I won't have. When they reassess me in April for a change of circumstances, is it likely that I'll only be allowed a £20 surplus even if I want br before 1st Dec??

I called the tax office twice and both advisors were so unwilling to help, which is so unlike them but I can't believe that they won't reduce my payments down - even at my request!

tigerfeet2006

feelsolow wrote: »

Hi All


Household Information
Number of adults in household................................1
Number of children in household..............................1
Number of cars owned..........................................0

Monthly Income Details
Monthly income after tax...................................... 1235
Partners monthly income after tax.......................... 0
Benefits.......................................... .................. 607 - including Child Benefit as I believe that this is now included??
Other income.......................................................0
Total monthly income............................................1842

Monthly Expense Details
Mortgage..............................................................0
Secured/HP loan repayments....................................0
Rent....................................................................500
Council tax............................................................90
Electricity.............................................................50
Gas.....................................................................50
Water rates..........................................................40
Telephone (land line)..............................................0 £50
Mobile phone.........................................................60 £0
TV Licence...........................................................12
Satellite/Cable TV..................................................20 must come from surplus
Internet Services...................................................0
Groceries etc. ......................................................200 £300
Clothing................................................................15 £80
Petrol/diesel..........................................................150
Road tax...............................................................15
Car Insurance........................................................45
Car maintenance (including MOT)...............................30
Car parking.............................................................0
Other travel............................................................0
Childcare/nursery.....................................................433
Other child related expenses......................................5 £5 per week for activities
Medical (prescriptions, dentist etc).............................9 (Contact Lenses) £20
Pet insurance/vet bills..............................................0
Buildings insurance...................................................0
Contents insurance..................................................20 (Not got get so am estimating at the moment)
Life assurance ........................................................0
Other insurance.......................................................0
Presents (birthday, christmas etc)..............................0
Haircuts.................................................................15
Entertainment.........................................................0
Holiday..................................................................15
Emergency fund.......................................................0
Dry Cleaning...........................................................10 (Are you still allowed this??)
Total monthly expenses............................................1749


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

Monthly Budget Summary
Total monthly income...................................................1842
Expenses (including HP & secured debts). .......................1749
Available for debt repayments........................................93

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Thanks everyone for your help in advance

feelsolow

I have had a look and made a couple of suggestions but tbh if you reduce phone and up groceries to the suggested then you will have no surplus anyway. Or share the extra between groceries and clothes. It won't make to much difference.

feelsolow

Thanks Tigerfeet

I have posted most up to date SOA with correct amount of benefits on it. My hours are being reduced at work in the next few weeks which would lead to a decrease in salary of £200 but I am unsure if go bankrupt before the 1st December - and take an IPA on the figures below (but be allowed a £99 surplus) that when I complete a change of SOA I would only be allowed a £20 surplus, likewise - my wtc is due to half in April and I dont know how the IPA would be calculated. I just dont want to put oit off and put it off as thats is how I have got into this mess now


Household Information
Number of adults in household................................1
Number of children in household..............................1
Number of cars owned..........................................0

Monthly Income Details
Monthly income after tax...................................... 1235
Partners monthly income after tax.......................... 0
Benefits.......................................... .................. 997 - including Child Benefit as I believe that this is now included??
Other income............................................ ...........0
Total monthly income............................................ 2232

Monthly Expense Details
Mortgage.......................................... ....................0
Secured/HP loan repayments....................................0
Rent.............................................. ......................500
Council tax............................................... .............80
Electricity....................................... ......................50
Gas............................................... ......................50
Water rates............................................. .............40
Telephone (land line)............................................. .50
Mobile phone............................................. ............0
TV Licence........................................... ................12
Satellite/Cable TV................................................ ..0
Internet Services.......................................... .........0
Groceries etc. .................................................. ....300
Clothing.......................................... ......................80 - this seems excessive???
Petrol/diesel............................................ ..............150
Road tax............................................... ................15
Car Insurance......................................... ...............45
Car maintenance (including MOT)...............................30
Car parking........................................... ..................0
Other travel............................................ ................0
Childcare/nursery........................................... ..........433
Other child related expenses......................................20
Medical (prescriptions, dentist etc).............................10 (Contact Lenses) - only put £10 down as I get free prescriptions
Pet insurance/vet bills............................................. .0
Buildings insurance......................................... ..........0
Contents insurance......................................... .........20 (Not got get so am estimating at the moment)
Life assurance .................................................. ......0
Other insurance......................................... ..............0
Presents (birthday, christmas etc)..............................0
Haircuts.......................................... .......................15
Entertainment..................................... ....................0
Holiday........................................... .......................15
Emergency fund.............................................. .........0
Dry Cleaning.......................................... .................10 (Are you still allowed this??)
Total monthly expenses.......................................... ..1920


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

Monthly Budget Summary
Total monthly income..................................................2232
Expenses (including HP & secured debts). .......................1920
Available for debt repayments........................................312

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