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Possible change in circumstances IPA
lala9
Posts: 686 Forumite
Hi there
It is possible that myself and my partner will be moving in together. Can somebody clarify how the OR would deal with this. Do they just take into account the household bills that we would share or do they take all their income in account. Bit confused as you can see. I will be renting out my property so that will naturally increase my income. Hope you can help.
It is possible that myself and my partner will be moving in together. Can somebody clarify how the OR would deal with this. Do they just take into account the household bills that we would share or do they take all their income in account. Bit confused as you can see. I will be renting out my property so that will naturally increase my income. Hope you can help.
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Comments
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They would expect you to pay pro rata based on total income. i.e. if you earn half what your partner's income is, they would be expected to pay 2/3 of the shared bills and you 1/3.
Try putting figures into here to see how it would pan out.
http://www.insolvencydirect.bis.gov.uk/foi08/docs/IPACalculatorPost2010.xls
If your partner refuses to disclose their income, then they may just assume a 50-50 split.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Which bills would be split? As I have children which are not his so I'm guessing he wouldn't be expected to contribute to those bills0
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So, if my income is £1703 and my partners is £2600 does that mean he has to contribute roughly 55% to the joint household bills?0
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I make that about 60%.
Not sure about the children, or whether they would take the view that they are 'household' expenses as you effectively live as a family?Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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