PERSONAL SURVIVAL BUDGET

PERSONAL EXPENSES Monthly £ Yearly £

Rent / Mortgage £0.00
Council Tax £0.00
Electricity / Gas £0.00
Water £0.00
TV Licence £0.00
Personal and Property Insurance £0.00
Personal Loan Repayments £0.00
Debt Collection Agency Payments £0.00
Credit Card Repayments £0.00

Mobile Phone and Internet £0.00

Public Transport Fares / Travelcard £0.00
Hire Purchase Repayments (car, furniture etc) £0.00
Car Tax & Insurance £0.00
Car Maintenance / Running Expenses (inc fuel) £0.00
£0.00
Entertainment & Holidays £0.00
Subscriptions £0.00
Food £0.00
Housekeeping £0.00
Clothing £0.00
£0.00
Children Expenditure £0.00
£0.00
Contingency £0.00
Money put into Savings £0.00
Miscellaneous Expenses £0.00
Other Expenses [please specify] £0.00

Other Expenses [please specify] £0.00

Total Expenses £0.00 £0.00

PERSONAL INCOME Monthly £ Yearly £

Continuing Job or Part Time Job £0.00
Benefits £0.00
Use of Personal Savings £0.00
Other income £0.00

Total Income £0.00 £0.00

INCOME NEEDED TO SURVIVE £0.00 £0.00

PLEASE ADD ANY OTHER USEFUL NOTES BELOW

 The Personal Survival Budget works out the amount you nee
expenses are greater than your personal income, your busin

Notes

INSTRUCTIONS FOR COMPLETING:

- These are your personal income and costs and should not incl

- Only include costs you are responsible for, do not include anyt

- Input any comments or assumptions you have made in the no

- Individual living costs vary, so start by thinking through all inc

see how much you normally spend, in order to accurately build

- If you are receiving housing or council tax benefits you should

lose these or have them reduced.

- If you are planning to have another job while running your bus

Notes
orks out the amount you need from your business to live and whether you can afford to take on a Start Up Loan. If your personal
personal income, your business will need to cover these expenses.

G:

and costs and should not include any income/costs from the business.

nsible for, do not include anything paid for by a partner or other household member.

ions you have made in the notes column.

art by thinking through all income and costs that you will incur. You may find it helpful to review your last 3-months of bank statements to
d, in order to accurately build your personal survival budget.

uncil tax benefits you should put the full amount of rent and council tax payable in your survival budget as once you start trading you may

er job while running your business, please let us know whether you currently hold this position.
n. If your personal

of bank statements to

start trading you may

PERSONAL SURVIVAL BUDGET

PERSONAL EXPENSES Monthly £ Yearly £

Rent / Mortgage £0.00 £0.00
Council Tax £0.00 £0.00
Electricity / Gas £0.00 £0.00
Water £0.00 £0.00
TV Licence £0.00 £0.00
Personal and Property Insurance £0.00 £0.00
Personal Loan Repayments £0.00 £0.00
Debt Collection Agency Payments £0.00 £0.00
Credit Card Repayments £0.00 £0.00

Broadband / Landline Phone #NAME? #NAME?

Mobile Phone £0.00 £0.00
Public Transport Fares / Travelcard £0.00 £0.00
Hire Purchase Repayments (car, furniture etc) £0.00 £0.00
Car Tax & Insurance £0.00 £0.00
Car Maintenance / Running Expenses (inc fuel) £0.00 £0.00

Entertainment & Holidays £0.00 £0.00

Subscriptions £0.00 £0.00
Food £0.00 £0.00
Housekeeping £0.00 £0.00
Clothing £0.00 £0.00
School & Childcare £0.00 £0.00
Children Expenditure £0.00 £0.00

Contingency £0.00 £0.00

Money put into Savings £0.00 £0.00
Miscellaneous Expenses £0.00 £0.00
Other Expenses [please specify] £0.00 £0.00
Other Expenses [please specify] £0.00 £0.00
Total Expenses #NAME? #NAME?

PERSONAL INCOME Monthly £ Yearly £

Continuing Job or Part Time Job £0.00 £0.00
Benefits £0.00 £0.00
Use of Personal Savings £0.00 £0.00
Other income £0.00 £0.00
Total Income £0.00 £0.00

INCOME NEEDED TO SURVIVE #NAME? #NAME?

PSB Statement
Notes Bank Statement Amount
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00

#NAME?
£0.00
£0.00
£0.00
£0.00
£0.00

£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00

£0.00
£0.00
£0.00
£0.00
£0.00

Notes Bank Statement Amount

 PSB BA Guidance Notes

1. Every Applicant should have this version of a PSB attached to th

BA Notes 2. First two sections require notes added to each row even if no am
with parents
3. Please add the amount shown on applicants bank statements f
transaction is called so final reviewers can see clearly where to fin
4. A statement must be added to each PSB in the box provided, it
applicable to the applicant:

Returned Direct transactions

- Any benefit payments
- Debt Collection Agency transactions
- Gambling
- High Value amounts – anything out of the ordinary – this includ
month that normally would not exist
- Income – Is it from outside of the business or generated by the b
being covered by income from other sources i.e. not the business
employment (part time/full time), other business drawings/divide
going to continue), savings (how many months would they cover)

BA Notes
sion of a PSB attached to their application.
ed to each row even if no amounts are added. E.g. applicant living

pplicants bank statements for each row. Make note of what the
can see clearly where to find it.
PSB in the box provided, it should cover the following points if

of the ordinary – this includes if there is high expenditure one

iness or generated by the business. For example if the PSB is

ources i.e. not the business, provide more detail i.e. ongoing
er business drawings/dividends, rental income, benefits (are they
months would they cover).