BR and starting employment - confused!

JenniRae

Hi all, I hope you can help...
I declared myself BR in April after a failing business and lots of old debts got on top of me.
I have since relocated to live with my OH and have been battling with the benefits system to try and get some money to help pay rent, bills etc whilst jobhunting.
I've now finally got a job (hurrah!) but am quite confused about what happened with regards to paying the OR money...

does it come straight from my bank account?
will my employers know? (this would be a Very Bad Thing as the job involves some cash handling and responsibility which people seem to think BR's can't deal with!!)
My OH hasn't found work yet, but is hopefully going back to uni to do his MA in October - is he a dependant?
How much will they take? (new salary is only 14.5k and i think ill qualify for WTC of about £89/wk)
How long do the payments last? I was told it was until I was discharged, but have now read things that say it's 3 years?
When do i let the OR know? (I only just got offered the job - no contract etc have been signed)

Sorry for all the questions, hope you can help!

Thank you

tigerfeet2006

Congratulations on the job. Let the OR know when you start work and ask for a new SoA to be done. Why do you think you will get an IPA when you will only earn £14.5k plus TC's and have to support 2 people on that?

If you do a SoA someone will check it out for you. Will your OH get any grants when he goes to Uni?

http://makesenseofcards.co.uk/soacalc.html

Yes an IPA will last 36 payments from when it is set up. But this can go up, own or be suspended as and when your circumstances change.

JenniRae

Thanks for the congrats

I put in the projected income and TC into the IPA calculator thats linked on here and it said we had a little excess, but I don't know if I can include the insurance etc on OH's car? (It'll be how I'm travelling to work, as its over an hour on the bus vs 15 drive!)

We're looking at grants at the moment, and hoping that he will, but not sure what the plan is if he doesn't!

Including costs of OH's car. our SoA is this (I think - we've only lived here 6 weeks, so not 100% on the bills):

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 2
Number of children in household......... 0
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1033
Partners monthly income after tax....... 0
Benefits................................ 386
Other income............................ 0
Total monthly income.................... 1419

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 435
Management charge (leasehold property).. 0
Council tax............................. 80
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 20
Telephone (land line)................... 20
Mobile phone............................ 65
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 300
Clothing................................ 60
Petrol/diesel........................... 90
Road tax................................ 12
Car Insurance........................... 67
Car maintenance (including MOT)......... 40
Car parking............................. 0
Other travel............................ 50
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 45
Pet insurance/vet bills................. 6
Buildings insurance..................... 0
Contents insurance...................... 25
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 40
Emergency fund.......................... 0
Total monthly expenses.................. 1517


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

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
Total unsecured debts..........0.........0.........-


Monthly Budget Summary
Total monthly income.................... 1,419
Expenses (including HP & secured debts). 1,517
Available for debt repayments........... -98
Monthly UNsecured debt repayments....... 0
Amount short for making debt repayments. -98

Personal Balance Sheet Summary
Total assets (things you own)........... 0
Total HP & Secured debt................. -0
Total Unsecured debt.................... -0
Net Assets.............................. 0

Created using the SOA calculator at make sense of cards - link removed because I'm too new.
Reproduced on Moneysavingexpert with permission, using Firefox browser.