When etimating your income/outgoings is verging on guesswork...

DrMoosePLC

Hi guys and gals,

If I base my average income on the previous 12 months it will likely not bare much relation to the forthcoming 12 months due to imminent changes in a business partnership and amount of work that results. The same goes for outgoings, a lot of which is business related, tied up with advertising. I've done my bussinessdebtline budget sheets etc and BR still seems best option but I don't now how to represent what the income/outgoing situation is because it was very changeable before and so fluid at the present.

So do I just explain this, submit bank statements, give a wildly guestimated figure, explain that's what it is...and hand it in?

Don't see what else I can do.

Thanks

egrescrimp

Just put what you are earning at the time of submitting your application, so if this month you've earnt £800 then that's what you put.

You can't predict the future and if your income changes in 6 months time, you then tell the OR whether it's gone up or down.