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Income and Expendure for IVA- please could you take a look?
brokemummy1978
Posts: 3 Newbie
Hi, I've attached my income and expenditure form for my IVA.I owe £36,000. My form is solely for me and contains only my income and 50/50 of joint costs as we pay them.
I've put my costs as 'normal life' costs, not corona costs! I have a family of four- my husband , a 13 year old boy and a 6 year old daughter. Can you take a look and see where I could amend?
Thanks
I've put my costs as 'normal life' costs, not corona costs! I have a family of four- my husband , a 13 year old boy and a 6 year old daughter. Can you take a look and see where I could amend?
Thanks
| HOUSEHOLD MONTHLY INCOME | £ |
| Net basic salary | £1,178.00 |
| Partner's net basic salary | £ - |
| Rent/Board Received | £ - |
| State Benefits | £ 125.00 |
| Other Income | £ 200.00 |
| Total Household Income | 1,503 |
| Total Household Income | 1,503 |
| Total Household Expenditure | 1369.68 |
| Surplus of Income Over Expenditure | 133.32 |
| HOUSEHOLD MONTHLY EXPENDITURE | £ | |
| Rent | 397.5 | |
| Secured Loan | 0 | |
| Charging Order | 0 | |
| Mortgage Endowment Premium | 0 | |
| Service Charge/ Ground Rent | 0 | |
| Council Tax | 85 | |
| TV Licence | 6.63 | |
| Water | 8.25 | |
| Electricity | 13.19 | |
| Gas | 13.19 | |
| Other Household Fuel | 0 | |
| Court Fines | 0 | |
| CCJs | 0 | |
| Hire Purchase | 0 | |
| Child Maintenance | 0 | |
| Building & Contents Insurance | 12 | |
| Life Insurance/pension | 89 | |
| Medical/Accident Insurance | 0 | |
| Motor Insurance | £ 38.24 | |
| Road Tax | 12.68 | |
| Break Down Cover | 10 | |
| Public Transport | 0 | |
| Household Appliance Rental | 0 | |
| Satellite/cable television | 29 | |
| Telephone, Mobile & Internet | 59 | |
| Union & Profession Fees | 8 | |
| Laundry/dry cleaning | 5 | |
| tobacco | 0 | |
| Repairs & maintenance | 0 | |
| Other - please advise | 0 | |
| Food, toiletries, cleaning | 250 | |
| clothing and footwear | 50 | |
| children's pocket money | 20 | |
| School trips/activities | 5 | |
| Medicines/prescriptions | 11 | |
| Dentist/opticians | 7 | |
| Fuel and parking | 100 | |
| Vehicle spares and servicing | 40 | |
| Hairdressing | 15 | |
| Pets, Pet food & Insurance | 10 | |
| Sundries/Emergencies | 0 | |
| Sports, Hobbies and Entertainment | 75 | |
| 1369.68 |
0
Comments
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Looks good to me, I'm not sure you will be allowed 75 for sports bobbies and entertainment. I think you can put £10 or £20 in emergenciesIt looks like you will get an IPA based on the figures you've supplied0
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