guidelines for household expenses

picard1109

re. pet insurance....

what is someone supposed to do if the animal is taken ill? vets fees can be astronomical and pet insurance makes absolute sense.

less2303

shameless-about-money wrote:

When all your expenses have been taken into account, any surplus over £100 per month will attract an IPA - a surplus of £100 per month will give an IPA of £50 per month for 36 months. £200 surplus would be £100 per month. As you go up the ladder the 50% figure increases to 60%.

This is a table of IPA percentages that you can expect to pay on any surplus income:

1st Column=SURPLUS INCOME
2nd Column=AMOUNT TO BE PAID
3rd Column=% OF DISPOSABLE INCOME


50 Nil
60 Nil
70 Nil
80 Nil
90 Nil
100 50 50
110 55 50
120 60 50
130 65 50
140 70 50
150 75 50
160 80 50
170 85 50
180 90 50
190 95 50
200 100 50
210 105 50
220 110 50
230 115 50
240 120 50
250 150 60
260 156 60
270 162 60
280 168 60
290 174 60
300 180 60
310 186 60
320 192 60
330 198 60
340 204 60
350 231 66
360 238 66
370 244 66
380 251 66
390 257 66
400 264 66
410 271 66
420 277 66
430 284 66
440 290 66
450 297 66
460 304 66
470 310 66
480 317 66
490 323 66
500 350 70
510 357 70
520 364 70
530 371 70
540 378 70
550 385 70
560 392 70
570 399 70
580 406 70
590 413 70
600 420 70

hitch_2

If your Ipa is going to be sizeable, do what I did, work part time for 6 months, sounds crazy but it meant no 36 month IPA, and the bankruptcy period (the time during which they can impose an IPA) was less than 6 months

shameless-about-money

picard1109 wrote:

re. pet insurance....

what is someone supposed to do if the animal is taken ill? vets fees can be astronomical and pet insurance makes absolute sense.

You can still PAY your pet insurance but the OR won't allow it in the calculation of "allowable discountable expenses".

I have animals, I know how expensive the most basic of treatments can be. I think that this ruling is most unfair.

Richard_S

shameless-about-money wrote:

You can still PAY your pet insurance but the OR won't allow it in the calculation of "allowable discountable expenses".

I have animals, I know how expensive the most basic of treatments can be. I think that this ruling is most unfair.

Let me guess shameless - cats ??

less2303

It has been known for OR's not to allow an allowance for birthday and Christmas, despite what the manual says.

With regards to the amounts you should list. Yes it should be actually what you spend, but in practise if you are struggling with you finances you usually end up spending less than what you should.

You should therefore try and work out what you would resonably spend if the money was available. If the OR thinks what you have listed is excessive, he will trim the figures and vice versa, if he thinks you should be showing more the he will advise you up the amounts.

Dont forget, one of the key aims of BR is to ensure you get back on an even keel, so your allowances need to be enough to avoid you getting into any further debt after BR.

shameless-about-money

Richard_S wrote:

Let me guess shameless - cats ??

Actually, no. Four Golden Retrievers and one horse that uses my land, plus one cat who belongs to next door - but she keeps the mice down nicely - I live out in the country so this is very necessary!

Grandma23

We are a couple with 2 children aged 20 and 24 living at home and a 15 yr old. We don't charge the kids housekeeping because they don't earn a lot - can the OR insist they pay something or deduct from costs because they don't?

I filled in the figures on the CCS website and for the 5 of us it gave £585 for food, toiletries and cleaning expensives and I actually spend a lot more than that! Our telephone mobile and internet costs £65 a month just for DH's mobile, the home phone and internet and he pays to run my car and his own so presumably he can put down the running costs for both cars i.e. fuel etc?

The site automatically filled in the bit for misc goods and services and personal and leisure and sundries giving set figures i.e.

School trips/activities £3, Medicines/prescriptions £15, Dentist/Opticians £27, Hairdressing £17, Laundry/Dry cleaning £40, clothing and footwear £35Newspapers/Magazines £10, sports, hobbies/entertainment £20 and sundries £20 so are these recognised amounts?

all_hours

Thank you all for all your help.

On the insolvency site it says that you can't include internet unless you need for employment or education. Do you think showing that you need an internet connection to look for work would be an accepted reason. 30 minute a day at the local library isn't enough time.

The £68 for child - is it a general allowance for all child related expenses or is it for specific expenses.

I wouldn't have regular travel expenses would £30 a month be reasonable to allow for tube+bus fares to interviews, shopping and doctors.

less2303

Grandma23 wrote:

We are a couple with 2 children aged 20 and 24 living at home and a 15 yr old. We don't charge the kids housekeeping because they don't earn a lot - can the OR insist they pay something or deduct from costs because they don't?

I filled in the figures on the CCS website and for the 5 of us it gave £585 for food, toiletries and cleaning expensives and I actually spend a lot more than that! Our telephone mobile and internet costs £65 a month just for DH's mobile, the home phone and internet and he pays to run my car and his own so presumably he can put down the running costs for both cars i.e. fuel etc?

The site automatically filled in the bit for misc goods and services and personal and leisure and sundries giving set figures i.e.

School trips/activities £3, Medicines/prescriptions £15, Dentist/Opticians £27, Hairdressing £17, Laundry/Dry cleaning £40, clothing and footwear £35Newspapers/Magazines £10, sports, hobbies/entertainment £20 and sundries £20 so are these recognised amounts?

Yes unfortunately they will be expected to contribute to household bills as they are wage earners.

I would imagine the set figures are the ones that CCCS would deem as acceptable, and what they would use in your I&E. If you have different figures and can justify them I would contact CCCS and see what they say.