| T O P I C R E V I E W |
| Danni24 |
Posted - 25 January 2009 : 10:51:49
Hello,
I am finalising my SOA online, and would like some advice re my expenditure figures. I have put down what I currently pay for outgoings, however I didnt know that I could allow for things such as clothing, Haircuts and prescriptions etc. So I have tried to us the figures that I found on the InsolvenyGov website and would like to know if these seem reasonable?
Rent £450 *inc £50 arrears monthly agreed with Housing Assoc
Council Tax £150
Electricity £45
Gas £75
Water £28
Phone, TV & Internet £60 (Virgin)
TV Licence £12
Home Insurance £18
Car Insurance £37
Car Tax £30
Car M.O.T £12
Car Maintenance £30
Petrol £100
Mobile Phone £20
Childcare £300
Groceries £450
Clothing £80
Hairdressing £30
Holidays £60
Birthdays/Christmas £40
Emergency Fund £50
Total £2078
My Wage £650 per month
Child Benefit £130
Child Tax Credit £330
Partner Contribtion £1000
Surplus of £32
Also, my partner is due a wage increase from April meaning that he can contribute an extra £150, does this mean that I will then be classed as having enough surplus for an IPA? I did read somewhere that the OR did not take Child Benefit and Child Tax Credit as income, but I'm not sure if this is the case?
Any help appreciated.
Danni |
| 8 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 26 January 2009 : 13:02:04
Great work John!
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| Danni24 |
Posted - 25 January 2009 : 21:44:06
Thankyou John. |
| leahk |
Posted - 25 January 2009 : 13:58:15
Thanks John
x
|
| John |
Posted - 25 January 2009 : 13:54:46
Hi
yes i would say that your variable figures (housekeeping / clothes/ hairdressers/ would pretty much be on a par to Danni's.
Obviously some of them are fact and relevant to each case. Rent / council tax / utilities etc.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| leahk |
Posted - 25 January 2009 : 13:53:37
I was asking more on the clothing and groceries side? also what are reasonable expenses for gas and electricity?
|
| RHB |
Posted - 25 January 2009 : 13:50:55
Does your tax credit not cover most of your childcare costs? |
| leahk |
Posted - 25 January 2009 : 13:48:48
Hi John,
Do you or anyone else know if these figures change drastically for 1 adult and 4 children (2 in nappies)?
Thanks |
| John |
Posted - 25 January 2009 : 12:25:53
Hi
from the level of CB you have listed I'm guessing there are 2 adults and 2 children in the household.
Please find below.
Rent £450 *inc £50 arrears monthly agreed with Housing Assoc
OK
Council Tax £150
OK
Electricity £45
OK
Gas £75
OK
Water £28
OK
Phone, TV & Internet £60 (Virgin)
Don't list TV and internet - they are not claimable.
Just enter £60 for landline phone.
TV Licence £12
OK
Home Insurance £18
OK
Car Insurance £37
Car Tax £30
Car M.O.T £12
Car Maintenance £30
Enter the above as £109 against vehicle costs (I presume this is for 2 cars) - no need to give the details. You could add AA/RAC membership seperately if you have it.
Petrol £100
As essential travel - OK
Mobile Phone £20
This may not be allowed as you have claimed the max against telephone, unless the mobile is essential for your work.
Childcare £300
OK but you will need evidence.
Groceries £450
Up this to £500
Clothing £80
Up this to £100
Hairdressing £30
OK
Holidays £60
The sum is ok but change Holiday to Domestic Break
Some OR's don't like the terminology.
Birthdays/Christmas £40
OK
Emergency Fund £50
This will not be allowed.
Revised Total £2077
My Wage £650 per month
Child Benefit £130
Child Tax Credit £330
Partner Contribtion £1000
Surplus of £33
You must list CB but it is not classed as income by the OR(CTC is but it won't matter in your case). This means that your real disposable income is not +£33 but -£97. Therefore you will avoid an IPA.
If your partner is not declaring bankruptcy then his April salary increase should not be added to the household income figure.
Otherwise his increase may end up paying your IPA towards your debts. That's why the question asks for partner's contribution and not net income.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
