Income and Expenditure Form in the UK: Everything You Need to Know in 2026

If you’ve ever been asked to fill in an Income and Expenditure Form in the UK, you may be wondering what it is, why it’s needed, and how to complete it correctly. This form plays an important role in managing debts, negotiating repayment plans, and showing your full financial situation.

In this article, we’ll guide you through everything you need to know in 2026, from what the form includes and who may ask for it, to step-by-step tips on filling it out accurately and avoiding common mistakes. Read on to get a complete understanding and make sure your finances are properly represented. 

What Is an Income and Expenditure Form?

An income and expenditure form is a document that lists all the money coming into your household and all the money going out each month. It gives a clear, side-by-side picture of what you earn and what you spend, so that anyone reviewing it can quickly see how much money you have left over after covering your essential costs.

Simply think of it as a snapshot of your monthly finances, nothing more, nothing less.

What It Is Used For

An Income and Expenditure Form is mainly used for situations where your finances need to be reviewed. Some of the most common uses include:

• Debt repayment: If you owe money and cannot keep up with your payments, a creditor or debt adviser will ask you to complete this form. It helps them work out how much you can realistically afford to pay back each month without leaving you short for essentials like food, rent, or bills.
• Creditor negotiations: When you approach a lender or debt collection company to request a reduced payment plan or a temporary payment break, they will use this form to assess your situation. Without it, there is no basis for a negotiation.
• Budget planning: Debt advice organisations sometimes use the form as a budgeting tool to help you get on top of your finances, even if you are not in serious debt. Seeing your income and outgoings laid out clearly can make it much easier to spot where your money is going each month.

By completing it, you show exactly how much money comes in and where it goes. This helps creditors, lenders, or debt advisers understand what you can realistically afford to pay.

How It Shows Your Full Financial Situation at a Glance

The form is designed to give a complete and honest picture of your finances in one place. It covers your income from all sources, your fixed household bills, your everyday living costs, and any existing debt payments you are already making.

Once everything is filled in, the form calculates your disposable income, which is the amount left over after all essential spending is accounted for. This figure is what creditors look at when deciding whether your repayment offer is fair and affordable.

Other Names It Goes By

You may come across this form under different names depending on who is asking for it:

• Standard Financial Statement (SFS): the version widely used by UK banks, lenders, and debt advice organisations since 2014. It follows a standardised format agreed across the industry.
• Common Financial Statement (CFS): an older version that was used before the SFS became the standard. Some organisations may still refer to it by this name.
• Budget Sheet or Budget Planner: a more informal term used by debt charities and advice services when helping people review their spending.

Regardless of what it is called, they all serve the same purpose: to lay out your finances clearly so that an affordable and realistic repayment plan can be agreed. 

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Who Asks You to Fill In an Income and Expenditure Form?

Several different organisations and individuals can ask you to complete an income and expenditure form. In most cases, they need it to understand your financial position before making any decisions about repayments, legal action, or financial support. 

Here is who is likely to ask for one and why:

1. Creditors and Lenders

If you have fallen behind on payments to a creditor, such as a credit card company, personal loan provider, or buy-now-pay-later service, they may ask you to complete an income and expenditure form before agreeing to any changes to your repayment arrangement. This helps them confirm that any new payment plan is something you can genuinely afford to stick to.

2. Banks and Mortgage Providers

If you are struggling to meet your monthly mortgage payments or have gone into your overdraft and cannot get back out, your bank or mortgage provider may request the form. They use it to assess whether a payment holiday, a reduced monthly payment, or a change to your mortgage terms is appropriate given your current financial situation.

3. Debt Collection Agencies

When a debt is passed on to a debt collection agency, either by the original creditor or through a debt sale, that agency will often ask you to complete the form before setting up a repayment plan. They are required to treat you fairly and take your financial circumstances into account, and the form is how they do that.

4. Solicitors and Enforcement Agents

If a creditor has taken legal action against you and a solicitor or enforcement agent (formerly known as a bailiff) becomes involved, they may ask for an income and expenditure form to establish what you can pay. In some cases, providing a completed form at this stage can help you avoid further escalation by showing that you are willing to engage and that you have made a realistic repayment offer.

5. Local Councils

Local councils in the UK can request an income and expenditure form if you have fallen behind on council tax payments or if you are in rent arrears on a council property. Councils have the legal power to pursue unpaid council tax quite aggressively, so providing a completed form early on can help you agree on a manageable payment arrangement before the situation escalates to enforcement action.

6. Debt Advice Organisations 

Debt advice organisations may also ask you to complete an Income and Expenditure Form when helping you manage debts. For example, services such as MoneyHelper use this information to give guidance on budgeting and to help create affordable repayment plans based on your financial circumstances.  

When Do You Need to Fill One In?

There is no single trigger for completing an income and expenditure form. It can come up at various points in your financial journey. Sometimes you will be asked for one, and other times it is something you should proactively put together yourself. 

Below are the most common situations where you will need one.

1. When You Are Struggling to Repay a Debt

The most common reason people fill in this form is because they have missed payments or can no longer keep up with what they owe. Whether it is a credit card, a personal loan, or a utility bill that has built up over time, as soon as repayments become unmanageable, this form becomes an important first step. It gives you and whoever you owe money to a clear and honest basis to work from.

2. When Asking for a Reduced or Affordable Payment Plan

If you can no longer afford your current monthly repayments and want to ask for a lower amount, a creditor will not simply take your word for it. They will want to see your income and expenditure form to verify that the reduced amount you are proposing is what you can genuinely afford, and that you are not simply trying to pay as little as possible without good reason.

3. When Negotiating with Creditors Directly

If you decide to contact a creditor yourself to discuss your debt, before it is passed to a debt collection agency or before any legal action is taken, having a completed income and expenditure form ready will strengthen your position. It shows that you are approaching the situation seriously and that your proposal is based on real figures, not an estimate.

4. When Dealing with Debt Collection Agencies

Once a debt has been passed to a collection agency, they are still legally required to treat you fairly and consider your financial circumstances. Completing the form at this stage gives the agency the information they need to set up a repayment plan that reflects what you can actually afford, rather than simply chasing the full outstanding balance.

5. When Applying for Financial Support or Debt Solutions

Some financial support schemes, including certain hardship funds, payment deferrals, and creditor-led assistance programmes, require you to demonstrate financial need before you can access them. An income and expenditure form is often the document used to do this. It acts as proof that your financial situation genuinely warrants the support you are applying for.

6. When Applying for a Debt Relief Order (DRO) or IVA

If your debt situation has become serious enough that you are considering a formal debt solution, such as a an Individual Voluntary Arrangement (IVA) or Debt Relief Order (DRO), completing an income and expenditure form is a required part of the process. 

• For a DRO, your disposable income must fall below a set threshold, and the form is used to confirm this. 
• For an IVA, the form helps establish how much you can contribute to a structured repayment plan over a fixed period. 

In both cases, the figures on the form directly affect whether you qualify and what terms are set. 

What Does an Income and Expenditure Form Include?

An income and expenditure form is broken down into clearly defined sections. Each one covers a different part of your financial life, and all of them need to be completed accurately for the form to be useful. Here is what you can expect to find in each section.

Personal Details

The form normally begins with basic personal information. This helps identify who the financial statement belongs to and provides context about your household.

This section may include:

• Your full name, address, and contact information.
• The number of people living in your household.
• Details about your partner or dependants if they contribute to the household income.

Providing accurate details is important because household size can affect how your expenses are assessed.

Section 1 – Your Income

This section lists all the money you receive each month. Most forms ask for net income, which means the amount you receive after tax and other deductions.

Common income sources include:

• Wages or salary (take-home pay) 
• Self-employment income 
• Benefits and tax credits 
• Pension payments 
• Any other regular income such as maintenance payments or rental income 

Listing all sources of income ensures the financial statement reflects your real financial position.

Section 2 – Household Bills (Priority Expenses)

Priority expenses are essential bills that must usually be paid before other debts. These costs are necessary for maintaining your home and basic living conditions.

Typical priority expenses include:

• Rent or mortgage payments 
• Council Tax 
• Gas, electricity, and water bills 
• TV licence and broadband 

These expenses are considered important because missing them could lead to serious consequences, such as losing your home or essential services.

Section 3 – Living Costs

This section covers everyday spending needed to maintain a basic standard of living. These costs vary depending on the size of your household and your circumstances.

Examples of living costs include:

• Food and groceries 
• Clothing and footwear 
• Transport and travel expenses 
• Childcare and school costs 

Including realistic figures here helps make sure your budget reflects your actual living needs.

Section 4 – Non-Priority Debts

After listing income and essential expenses, the form usually asks about non-priority debts. These are debts that are still important but do not normally carry the same immediate risks as priority bills.

Common examples include:

• Credit cards 
• Personal loans 
• Overdrafts 
• Hire purchase agreements 

Listing all debts allows creditors or advisers to see how many financial commitments you have and how much you currently pay toward them.

Section 5 – Your Proposed Payment Offer

The final section is often used to work out how much you can realistically pay toward your debts.

This usually involves calculating your disposable income, which is the money left after subtracting your essential expenses from your total income.

Once this amount is known, you can decide on a reasonable payment offer for creditors. The goal is to suggest a payment that you can afford to maintain each month without falling behind again.  

 

Sample Income and Expenditure Form

The example below shows how a completed income and expenditure form might look for a typical household in the UK. The figures used are for illustration purposes only.

Personal Details

Detail	Example
Name	John Smith
Household Members	3 (John, partner, one child)
Address	Example address in the UK

Section 1 – Income

Income Source	Monthly Amount (£)
Salary (take-home pay)	£1,850
Partner’s income	£900
Child Benefit	£100
Other income	£0
Total Monthly Income	£2,850

Section 2 – Household Bills (Priority Expenses)

Expense	Monthly Amount (£)
Rent	£850
Council Tax	£160
Gas and Electricity	£180
Water	£40
TV Licence	£13
Broadband	£35
Total Priority Bills	£1,278

Section 3 – Living Costs

Expense	Monthly Amount (£)
Food and groceries	£400
Transport	£180
Clothing	£60
Childcare and school costs	£120
Phone bills	£50
Total Living Costs	£810

Section 4 – Non-Priority Debts

Debt Type	Monthly Payment (£)	Balance (£)
Credit card	£80	£3,200
Personal loan	£120	£5,500
Overdraft	£40	£1,000
Total Debt Payments	£240

Section 5 – Disposable Income Calculation

Calculation	Amount (£)
Total Monthly Income	£2,850
Total Priority Bills	£1,278
Total Living Costs	£810
Money Left After Essentials	£762

From this remaining amount, a person would decide how much they can realistically offer toward their debts each month. 

This type of form allows creditors, councils, or advisers to quickly review a person’s financial situation and determine whether a proposed repayment plan is affordable. 

Documents You Need Before You Fill In the Form  

Before completing an Income and Expenditure Form, it is helpful to gather the documents that show your income, expenses, and debts. Having these records ready will make it easier to enter accurate figures and avoid guessing your monthly amounts.

Below are some of the most common documents you may need:

1. Recent Payslips or Proof of Self-Employment Income: If you are employed, recent payslips will show your take-home pay, deductions, and any overtime or bonuses. If you are self-employed, you may need invoices, payment records, or a summary of your recent earnings to estimate your monthly income.
2. Bank Statements (Last 2–3 Months): Bank statements help confirm how much money comes into your account and what you regularly spend. Looking at the last two or three months can help you identify recurring expenses such as subscriptions, transport costs, or direct debit payments.
3. Benefit or Tax Credit Award Letters: If you receive government support, you should include documents that show the amount you receive. This may include benefit award letters or statements that confirm payments such as Universal Credit or other support.
4. Utility Bills: Recent bills for services like gas, electricity, water, broadband, and phone can help you enter accurate monthly costs. If your bills are quarterly or yearly, you can divide the amount to estimate a monthly figure.
5. Loan, Credit Card, and Hire Purchase Statements: Statements from lenders show how much you owe and your current monthly payments. These records help ensure that all your debts are listed correctly in the form, including credit cards, personal loans, overdrafts, and hire purchase agreements.

Collecting these documents before starting the form can make the process much easier and help ensure that your financial information is accurate. 

How to Fill In an Income and Expenditure Form Step by Step

Filling in an Income and Expenditure Form may seem difficult at first, but the process becomes much easier when you complete it step by step. The goal is to provide a clear and accurate picture of your finances so that creditors or advisers can see what you can realistically afford.

Here is how to do it correctly.

Step 1: Gather Your Documents

Start by collecting the documents that show your income, expenses, and debts. This may include payslips, bank statements, benefit letters, utility bills, and credit statements. Having these records in front of you will help you enter accurate numbers rather than guessing your monthly amounts.

Step 2: Calculate Your Total Monthly Income

Next, add up all the money you receive each month. This should include your take-home pay, any income from self-employment, benefits, pensions, and other regular payments. If some income is paid weekly, convert it into a monthly figure so the form remains consistent.

Step 3: List All Priority Household Bills

After calculating your income, record your priority expenses. These are essential bills that must usually be paid first, such as rent or mortgage payments, council tax, and utility bills. These costs are important because missing them can lead to serious problems like losing services or legal action.

Step 4: Record Your Everyday Living Costs

The next step is to list your regular living expenses. This includes things like food, transport, clothing, and childcare. Try to enter realistic amounts that reflect what you normally spend each month so the form accurately represents your household budget.

Step 5: List All Outstanding Debts

You should then include all your current debts. This may include credit cards, personal loans, overdrafts, and hire purchase agreements. Make sure you include the monthly payments and balances if the form asks for them.

Step 6: Work Out Your Disposable Income and Make Your Offer

Finally, subtract your total expenses from your total income. The money left over is known as disposable income. This amount can help you decide what you can reasonably offer toward your debts each month. It is important to suggest a payment that you can maintain consistently without falling behind again. 

 

Tips for Filling In the Form Correctly

Completing an Income and Expenditure Form carefully is important because creditors and advisers rely on the information to decide what payment arrangements are reasonable. The following tips can help make sure your form is accurate and useful.

1. Be Honest and Accurate: Always provide truthful information about your income, expenses, and debts. Do not leave out important details or try to adjust figures to make your situation look better or worse than it really is. Accurate information helps create a repayment plan that you can realistically maintain.
2. Convert Weekly or Annual Figures into Monthly Amounts: Most Income and Expenditure Forms use monthly figures. If some of your income or expenses are paid weekly or yearly, convert them into a monthly amount so everything is consistent. This helps ensure your financial summary is clear and easy to review.
3. Do Not Underestimate Your Living Costs: It can be tempting to reduce your expenses to make it appear that you have more money available for debt payments. However, this can lead to problems later if the payment plan becomes difficult to maintain. Make sure your expenses reflect what you genuinely spend each month.
4. Include Expenses Related to Your Personal Circumstances: Some households have extra costs due to personal circumstances. For example, medical needs, special dietary requirements, or additional childcare costs. These expenses should be included so the form accurately represents your financial situation.
5. Keep a Copy of the Completed Form: After filling in the form, keep a copy for your own records. This allows you to refer back to the information later, especially if you need to discuss your finances again with creditors or review your budget in the future. 

Common Mistakes People Make When Filling In the Form 

When completing an Income and Expenditure Form, small mistakes can lead to an inaccurate picture of your finances. This may result in unrealistic payment plans or delays when creditors review your information. 

Below are some common mistakes people make and why they should be avoided.

1. Leaving Out Everyday Expenses: Many people focus only on large bills and forget to include smaller but regular expenses. Costs such as clothing, transport, or personal care may seem minor on their own, but together they can make a noticeable difference in your monthly budget.
2. Guessing Income Figures Instead of Using Actual Payslips: Some people estimate their income instead of checking their payslips or payment records. This can lead to incorrect figures, especially if your pay changes due to overtime, deductions, or variable work hours. Using accurate documents helps ensure the form reflects your real take-home income.
3. Forgetting Irregular Bills: Certain expenses are not paid every month but still need to be included in your budget. Examples include car insurance, annual service costs, or vehicle tests such as the MOT test. These bills should be divided into monthly amounts so they are properly accounted for in your expenses.
4. Underreporting Household Costs: If multiple people live in your household, it is important to record realistic household costs. Sometimes people report lower expenses because bills are shared, but the form should still reflect the true cost of running the household.
5. Submitting the Form Without Double-Checking the Figures: Before sending the form, take a few minutes to review all the numbers. Simple errors such as missing expenses or incorrect totals can affect how creditors assess your situation. Double-checking your figures helps ensure the information is accurate and complete. 

How Creditors Use the Information in the Form  

Once you submit an Income and Expenditure Form, creditors, councils, or debt advisers use the information to make decisions about repayment plans and debt management. The form helps them understand your financial situation in detail.

• To Get a Clear Picture of Your Financial Situation: The form shows all your income, household bills, living costs, and debts in one place. This allows creditors to see how much money you have coming in and going out each month, giving them a complete view of your finances.
• To Calculate What You Can Realistically Afford to Repay: By comparing your total income with your essential expenses, creditors can determine how much disposable income you have available. This helps them calculate a repayment amount that you can realistically maintain without falling behind again.
• To Decide Whether Your Payment Offer Is Reasonable:If you propose a monthly payment toward your debts, the creditor will review the form to see if the offer is fair based on your financial situation. The goal is to ensure that the payment is neither too low nor too high, but matches what you can afford.
• To Determine if Further Information or Evidence Is Needed: Sometimes creditors may request additional documents or clarification if something on the form is unclear. For example, they may ask for proof of income, benefit statements, or evidence of unusual expenses before approving a repayment plan.

This process ensures that any repayment arrangement is based on accurate and complete financial information. 

What Happens After You Submit the Form?

After you submit an Income and Expenditure Form, creditors or debt advisers will review the information to decide the next steps. Understanding what happens after submission can help you be prepared and respond appropriately.

Creditors Review Your Form and May Accept Your Payment Offer

Once the form is submitted, creditors look at your income, expenses, and debts to assess how much you can afford to pay each month. If your proposed payment is reasonable, they may accept it and set up a repayment plan based on your offer.

They May Come Back Asking for More Information or Supporting Documents

Sometimes the creditor may need additional evidence to verify the figures you provided. This could include recent payslips, bank statements, or proof of certain expenses. Responding quickly with accurate documents helps keep the process moving smoothly.

They May Propose a Different Repayment Plan

If the creditor believes your proposed payment is too high or too low, they may suggest an alternative arrangement. This is often based on their assessment of what they think you can realistically afford. You can review their proposal and discuss adjustments if necessary.

When Creditors May Challenge Your Figures and What to Do

Occasionally, creditors may question specific amounts on your form, such as unusual expenses or missing income. If this happens, provide clear evidence and explanations for your figures. Keeping accurate records and copies of your documents will make it easier to defend your information.

Submitting the form is just the first step. Being prepared to provide supporting evidence and communicate clearly can help you reach a fair repayment agreement. 

Do You Have to Fill In an Income and Expenditure Form?

Whether you need to complete an Income and Expenditure Form depends on your situation. While it is not always legally required, there are important reasons why you may be asked to fill one in.

Is It a Legal Requirement or Voluntary?

In most cases, completing the form is voluntary. Creditors, councils, or debt advisers may request it as part of a review of your finances, but there is usually no law forcing you to submit one. However, certain formal debt solutions, such as a Debt Relief Order or Individual Voluntary Arrangement, may require it to assess your eligibility.

What May Happen If You Refuse

If you refuse to complete the form when asked, creditors may:

• Reject your proposed repayment plan 
• Assume you have more disposable income than you actually do 
• Take further action to recover the debt, such as court proceedings such as County Court Judgment, or enforcement 

Refusing to provide financial information can make it harder to negotiate affordable payments.

Why Completing It Honestly Can Actually Help Your Case

Submitting a complete and accurate form demonstrates that you are willing to cooperate and take responsibility for managing your debts. Honest information:

• Helps creditors see what you can genuinely afford 
• Increases the chance of a repayment plan being accepted 
• Reduces the risk of disputes or enforcement action 

In many cases, filling in the form correctly can work in your favour and make it easier to manage your debts without unnecessary stress. 

Income and Expenditure Form vs. Standard Financial Statement: What Is the Difference?

Although the terms Income and Expenditure Form and Standard Financial Statement (SFS) are sometimes used interchangeably, there are small differences in how they are used and what they include. 

The table below highlights the main distinctions: 

Feature	Income and Expenditure Form	Standard Financial Statement (SFS)
Purpose	To provide a full overview of your personal income, household expenses, and debts for creditors or councils	A standardised form used mainly by financial institutions and debt advisers to assess your overall financial situation in a consistent format
Level of Detail	May be simpler and tailored to the creditor or council requesting it	Typically more detailed with structured categories for all income, expenses, and assets
Usage	Common for debt repayment negotiations, council tax arrears, and general debt situations	Commonly used by banks, mortgage providers, and formal debt solutions like IVAs
Flexibility	Can be adapted to your personal circumstances	Standardised format, less room for customisation
Other Names	Budget Planner, Common Financial Statement	Standard Financial Statement (SFS)

Which One Your Creditor May Use and Why

Most creditors in the UK, including councils, lenders, and debt collection agencies, may ask for either form depending on their policies.

• If the request is informal or specific to a local debt situation (like council tax or rent arrears), they are more likely to ask for an Income and Expenditure Form because it can be tailored to your personal circumstances. 
• For banks, mortgage providers, or formal debt solutions like an Individual Voluntary Arrangement (IVA), the Standard Financial Statement (SFS) is often preferred because it follows a recognised, consistent format. 

In short, the choice depends on who is asking and how formal the financial assessment needs to be. Both forms aim to achieve the same goal: to show your income, expenses, and what you can realistically afford to repay. 

Where Can You Get Debt Advice and Help on Filling in the Income and Expenditure Form in UK?

If you’re struggling with debt, it’s important to get reliable, independent advice before making any decisions. In the UK, there are several services that can help you understand your options and find a solution that works for your situation, including helping you complete your income and expenditure form correctly.

At Debt Advisory Services, we provide expert guidance and practical resources to help you explore all the debt solutions available in the UK and take control of your finances. 

Here’s why you can trust us for debt help:

• Expert Support: Our advisors review your financial situation carefully and guide you through options like Debt Management Plans (DMPs), Debt Relief Orders (DROs), IVAs, or other solutions, helping you find the most suitable approach.
• Comprehensive Resources: Learn about each debt solution, including eligibility, benefits, potential drawbacks, and how it may affect your credit record, so you can make informed decisions.
• Honesty and Integrity: We provide clear, ethical, and transparent advice. From assessing your debts to recommending the right solution, we support you every step of the way. 

Take the first step toward financial relief. Fill out the form below to speak with a qualified advisor and find the right debt solution for your situation today! 

 

[Important Note: For additional independent guidance, you can also access free resources from MoneyHelper, the UK’s official platform for managing debt and finances.]   

Final Thoughts

Completing an Income and Expenditure Form in the UK is a key step in managing your finances and negotiating debt repayment. Whether it’s requested by a creditor, council, bank, or debt adviser, the form provides a clear, detailed snapshot of your income, essential expenses, and outstanding debts. 

By filling it in accurately and honestly, you not only give yourself the best chance of arranging a manageable repayment plan but also demonstrate your willingness to cooperate, which can prevent unnecessary disputes or enforcement action.

Gathering the right documents, carefully recording all income and expenses, and checking your figures can make the process straightforward and effective. Remember, whether you are dealing with local councils, lenders, or formal debt solutions like DROs or IVAs, this form helps ensure any repayment arrangement is fair and realistic.

If you need guidance, professional debt advice services, including independent platforms like MoneyHelper, can provide support and resources to help you complete the form and explore solutions that fit your circumstances. Taking the time to complete your Income and Expenditure Form properly is a practical step toward gaining control of your finances and achieving long-term financial stability. 

Key Takeaways

• An Income and Expenditure Form provides a clear overview of your income, essential expenses, and debts, showing how much disposable income you have each month. 
• It is commonly requested by creditors, banks, mortgage providers, debt collection agencies, solicitors, and local councils to assess your financial situation. 
• The form is used for debt repayment, negotiating affordable payment plans, budgeting, and applying for formal debt solutions like DROs or IVAs. 
• Completing the form accurately helps creditors determine a realistic repayment amount and increases the likelihood that your proposed offer will be accepted. 
• Personal details, income, priority household bills, everyday living costs, non-priority debts, and your proposed payment offer are the main sections of the form. 
• Before filling in the form, gather supporting documents such as payslips, bank statements, benefit letters, utility bills, and debt statements. 
• Common mistakes include leaving out everyday expenses, guessing income, forgetting irregular bills, underreporting household costs, and not double-checking figures. 
• Creditors use the information to assess your affordability, check if your payment offer is reasonable, and decide if further evidence is needed. 
• Submitting the form is voluntary in most cases, but refusing to complete it can make negotiating repayment plans more difficult and may trigger enforcement action. 
• Independent debt advice services, including MoneyHelper, can provide guidance on completing the form and exploring suitable debt solutions. 

FAQs

Where can I get an Income and Expenditure Form template in the UK?

Free templates are available from a number of sources, including your local council, your bank or lender, the Debt Advisory Services and debt charities such as StepChange. You can also find the official Standard Financial Statement format through MoneyHelper at moneyhelper.org.uk.

Can I include arrears on the Income and Expenditure Form?

Yes. If you have arrears, such as unpaid rent, council tax, or utility bills, list them separately alongside your current monthly payments. This gives creditors and advisers a complete picture of your financial commitments and ensures your arrears are factored into any repayment arrangement.

Do I need to include my partner's income and expenses on the form?

If you share a household with a partner and they contribute to shared bills or household costs, their income and outgoings should be included. The form is designed to reflect the financial reality of your entire household, not just one person's finances in isolation.