How can we help you?

If you’re struggling to pay a debt, have tried to extend your credit but were rejected, or have tried to negotiate a payment with a creditor or the bank, you may have been told to complete an income and expenditure form.

We ask you to fill in one of these forms so we have a better understanding of your situation.

When completing the form it is important to be aware that:

  • You will need to be as accurate as possible to give a true reflection of your situation
  • Some expenses will be more of a priority than others

What needs to be included on an I&E?

Your income

This section is where you would list down any money you receive on a regular basis. This includes:

  • Income from employment or self employment
  • Working / Child Tax Credit
  • Universal Credit
  • Job Seekers Allowance
  • Income Support
  • Housing Benefit
  • Any pension payments you receive
  • Rent or board you receive

Any other money you receive on a regular basis, such as housekeeping from your partner or dependants

It’s important that you include all types of income that you’re receiving. Doing this means we have an accurate picture of your current financial situation.

Your priority bills

Priority bills include:

  • Rent, mortgage or secured loan payment
  • Council Tax (or Rates if you live in Northern Ireland)
  • Gas
  • Electric
  • Water (except for Scotland or Northern Ireland residents, as water is included in Council Tax or Rates)
  • Other fuel, such as oil, logs or coal
  • TV licence
  • Service Charge or Ground Rent
  • Hire purchases or logbook loans, typically for a car
  • County Court judgments (decrees if you live in Scotland or Judgments in Northern Ireland)
  • Magistrates court fines (for example TV licence fines or criminal fines)
  • Child maintenance
  • Arrears on any of the bills listed above

Your other spending

Other spending includes:

  • Car insurance, tax, or breakdown cover
  • Satellite and cable television
  • Buildings and contents insurance
  • Life insurance or pension
  • Telephone and internet
  • Public transport
  • Repairs and maintenance costs (such as heating cover or boiler insurance)
  • Medical or accident insurance
  • Household appliances that you’re renting
  • Educational fees
  • Church or charity donations
  • Union or professional fees
  • Laundry or dry cleaning costs
  • Smoking costs
  • Loans from family or friends

Other living costs

These costs are usually the money you spend on a day to day basis.  The easiest way to work out your average spending is looking at recent shopping receipts or bank statements.

Living costs include:

  • Food costs for you and your family
  • Clothing and footwear
  • Toiletries
  • Hairdressing
  • Dentists and opticians
  • Sundries and emergencies
  • Medicines or prescriptions
  • Sports, hobbies and entertainment
  • Newspapers or magazines
  • School activities and pocket money
  • Savings
  • Petrol and parking costs

Your non-priority debts

The following items are considered non-priority debts:

  • Unsecured loans
  • Credit cards
  • Overdrafts
  • Store cards
  • Payday loans
  • Catalogue repayments
  • Doorstep loans, such as Provident
  • Cancelled contracts (such as gym memberships, mobiles phones and satellite TV)
  • Arrears from gas or electric providers you’re no longer with
  • Arrears from rental properties where you no longer live

Ask Cora

Cora can help you with a wide range of queries and show you how to do your banking.

Available 24/7

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