Page 1 of 2
Posted: Sun Aug 17, 2008 1:36 pm
by look_divine
is there a list anywhere of what can be added to outgoings for an IVA
want to list everything I pay but unsure as to exactly what you can list
thanks
Posted: Sun Aug 17, 2008 1:51 pm
by Til
Hi look-divine,
Here is the list we used but you may need to add more to be sure of all your bills:
Building / Contents Insurance
Water Rates
Electricity
Gas
Life Insurance
Council Tax
Mortgage
Childcare
TV License
Mobile Phones
Telecoms including Sky & BT
Car Insurance
Car Tax
Fuel
Food & Household Goods
Breakdown recovery (car)
Vehicle Maintenance
Personal Hygeine, Haircuts, Glasses
Clothing
Contingency
Sure peeps on here will spot some I missed but everyone is different - I went through 3 months of bank statements too to see what went out in case i missed anything - your IP will be able to prompt you though so you don't miss anything - good luck! [:)]
Posted: Sun Aug 17, 2008 1:53 pm
by look_divine
whats contingency?
Posted: Sun Aug 17, 2008 1:54 pm
by look_divine
im sure i have read that they allocate a specific amount for such things is there no list of them?
Posted: Sun Aug 17, 2008 1:56 pm
by Lisa2009
Contingency is an allowance (quite often £50 per month) to cover the unexpected like things in the house breaking.
Posted: Sun Aug 17, 2008 1:58 pm
by look_divine
oh right thankyou having a blonde moment lol
and yes im blonde no offence to blondes lol
Posted: Sun Aug 17, 2008 2:30 pm
by emma_t
If you have pets do not forget to factor in pet food and insurance into your income and expenditure x
Posted: Sun Aug 17, 2008 2:38 pm
by MelanieGiles
An IP will be able to go through all of the categories with you and help you work out your expenditure budget to suit your current and future financial situation.
Posted: Sun Aug 17, 2008 3:26 pm
by look_divine
thanks emma
Posted: Sun Aug 17, 2008 3:38 pm
by aguise
I know you put hygeine down divine but have you included prescriptions and dentist in that.
Ang
Posted: Sun Aug 17, 2008 3:59 pm
by look_divine
well i will receive working tax credits so i think prescriptions and dentist are free with that or m i wrong?
Posted: Sun Aug 17, 2008 4:20 pm
by kallis3
I've just had a quick look for both, but it doesn't look as though you can.
Could be wrong though.
Posted: Sun Aug 17, 2008 4:25 pm
by angelrainbow
Think you need to be out of work or working less than 16 hours and claiming income support to get free prescriptions etc...I get mine free on medical grounds, which is handy!
Posted: Sun Aug 17, 2008 4:27 pm
by kallis3
Thought so.
look divine, if you visit the HM Revenue and Customs site and check working tax credits, there is a form on there you can fill in to see if you are eligible and how much you are likely to get.
Posted: Sun Aug 17, 2008 5:59 pm
by look_divine
i think it depends on your earnings i know my sister in law receives free prescriptions etc