Allowed living cost limits for DRO application

Golfhotel

Now we are living through raging inflation like the 1970s, how often will the living cost figures go up in line with inflation?

when will they next go up and could anyone post a link to examples allowed for food, fuel and utilities please?

I have an old example sheet but that was before the raging inflation 

sourcrates

Those figures are not public knowledge unfortunately.

Best advice is to over budget by 15-20% or so, then your covered.

If your advisor asks about any particular spend, you can explain your reasoning, they will only ask you to reduce it if it exceeds guidelines and you don`t have a reasonable excuse for it.

fatbelly

They were last updated in June after the annual review in April

The current SFS Inflation policy is set so that if there is more than a 5 percentual points (pp) variance in real inflation from the forecasts used in the annual review, this will trigger an automatic review of the figures to ensure they reflect the latest inflation figures. A new revision of the SFS spending guidelines will take place if the CPI published by the ONS reaches 14.3%

It's complicated but yes they are reviewed constantly to make sure they're fair. 

Golfhotel

fatbelly said:

They were last updated in June after the annual review in April

The current SFS Inflation policy is set so that if there is more than a 5 percentual points (pp) variance in real inflation from the forecasts used in the annual review, this will trigger an automatic review of the figures to ensure they reflect the latest inflation figures. A new revision of the SFS spending guidelines will take place if the CPI published by the ONS reaches 14.3%

It's complicated but yes they are reviewed constantly to make sure they're fair. 

Thanks fatbelly

all experts say we are more than 14% real inflation but the government manipulated lies will try to say official number is lower

Golfhotel

Could someone please update this threat next time the allowance goes up in line with the raging inflation?

fatbelly

I can maybe tell you that it's happened but I can't publish the figures