Yet another SOA!!

Ineedaname

Shouldn't do as he's not responsible for the rent/mortgage and bills, it's his parents house and he is just paying board, albeit it's a family contribution towards the expenditure. There's no assumed shared ownership or responsibility where an adult child is concerned.

tommo2007

kepar wrote: »

Is £500 what you pay your parents, seems high.

I am going to get in trouble with a few now, in that do your parents declare this income. Some will argue you are living at home, but that seems excessive to me especially as others are telling you to claim £200+ in groceries as well.

Hi mate, yes £500 every month (well currently £125 weekly, but as soon as job is perm it'll be £500 p/m) - I know it sounds alot, and it does when I write it in words, but they keep me so I don't mind!!!

tigerfeet2006 wrote: »

It won't be £200 on groceries as he hasn't got that amount.

Tommo, what is the going rate for a shared house in your area? Just done a quick check for our area and it is £95 to £120pw a week. Where my friend lives it is £60-£90pw and where my SIL lives it is £175+pw

Hi again Shared house (ie. a room in a house) comes out at about £90 per week - rental properties are around £550.

Ineedaname wrote: »

Kepar, parents are not renting a room out to a stranger on a commercial basis so I believe they do not need to declare it for tax purposes, I guess that's what you're hinting at. They are just taking a contribution towards the bills from a family member.

I agree that £500 does seem high as it's within the family, however, in the current economic climate it doesn't surprise me and I'm sure many families have a similar arrangement in order to make ends meet.

Hi, obviously what you have said above is correct in that I am just a family member contributing towards bills.

Like you've said, and I've said, it is alot of money to be paying out - but is it THAT different to if I had a place of my own paying say £400 a month in rent then all of the bills - which would cost alot more? I don't think so is it?

tommo2007

kepar wrote: »

But as its family, could the OR assess his income as a percentage of household income as what would be done with a partner etc?

Ineedaname wrote: »

Shouldn't do as he's not responsible for the rent/mortgage and bills, it's his parents house and he is just paying board, albeit it's a family contribution towards the expenditure. There's no assumed shared ownership or responsibility where an adult child is concerned.

No, there's no ownership issue here, I was in a bad place when I lost my house etc and they were the most supportive people in the world - however, it was always going to come at a price and I knew that. When I was on JSA I gave every last bit of it to them in board and the agreement was always £500 pm when working.

It's not unreasonable is it?

Thanks for all this help and support guys

Tom

kepar

Hi again Shared house (ie. a room in a house) comes out at about £90 per week

This is what you are basically getting, so why the £500 a month??????????????

tommo2007

kepar wrote: »

Hi again Shared house (ie. a room in a house) comes out at about £90 per week

This is what you are basically getting, so why the £500 a month??????????????

I'm being honest about the board I pay?

I could knock it down to £390 (exactly in line with £90 per week), but then my other expenses would change anyway for more groceries etc as I would suddenly be responsible for myself!!

I'm not trying to do anything funny here - thought I was supposed to say what I pay??

JCS1

kepar wrote: »

Hi again Shared house (ie. a room in a house) comes out at about £90 per week

This is what you are basically getting, so why the £500 a month??????????????

The £500 also covers groceries, etc, which you would have to pay if in a shared house.

kepar

JCS1 wrote: »

The £500 also covers groceries, etc, which you would have to pay if in a shared house.

He has put £200 for groceries as well.

JCS1

kepar wrote: »

He has put £200 for groceries as well.

In the origional SOA OP has put £60 for goceries, and £500 board - the suggestions from other posters are to increase groceries to £200.

In my view £560 for board and groceries combined is comparable to £90 per week in a shared house (£390 per month) and £170 a month groceries. It's the same figures, just split a different way.

OP also has no utilities, so you could also reduce the board amount, and add in groceries and a contribution to utilities as well. I used to look at SOA's as a whole as well as individual items.

kepar

Can the OP prove that he is paying that amount, the OR may want to see paperwork as I believe this is well excessive to what he should be paying.
I have told my lad if he doesn't get to uni this year that we want £200 a month from him, regardless of what he is earning and that includes food.

The parents should be made to declare this money, because if they had a stranger in the house they could get about £350 a month tax free without declaring it.

Sorry if I was the OR I would be investigating these figures.

JCS1

kepar wrote: »

Can the OP prove that he is paying that amount, the OR may want to see paperwork as I believe this is well excessive to what he should be paying.
I have told my lad if he doesn't get to uni this year that we want £200 a month from him, regardless of what he is earning and that includes food.

The parents should be made to declare this money, because if they had a stranger in the house they could get about £350 a month tax free without declaring it.

Sorry if I was the OR I would be investigating these figures.

When I worked for the Insolvency Service as an examiner, I would have been ok with these figures. Yes, board may be slightly high, but this is balanced by the groceries and lack of utilities.

Parents do not need to declare this money, as they not are using the rent a room scheme with its tax exemptions (I believe close family can not be included anyway).