Mat Trigger Figures

New trigger figures published 1st april 2020.

Mat trigger figures.

View the latest trigger figures and cfs resources. The trigger figures represent pre agreed levels for certain areas of discretionary household expenditure. What is the current version of the trigger figures. Applicants requiring access to trigger figures.

You will not need to explain the financial statement to creditors unless the trigger figures are exceeded. The trigger figures help identify levels of monthly expenditure deemed reasonable when completing the cfs. To improve this situation the money advice trust worked with the finance and leasing association and the british bankers association and used its partnership connections with advice agencies and creditors to agree a standardised budget sheet format with built in trigger figures for four discretionary spending areas this standardised budget format which we called the common financial. Can a member of the public use the cfs.

Provide an annual update that takes into account the two year lag between the collation and publication of the office for national statistics ons data used to calculate the trigger figures. If the client has a valid reason for exceeding trigger figures then this should be explained in the notes accompanying the financial statement summary sheet and any letter s sent. Use as a base line the trigger figures for expenditure as detailed in the nationally agreed bba and mat partner agencies income and expenditure form common financial statement. The money advice trust is a national charity helping people across the uk to tackle their debts and manage their money wisely.

On tuesday the government s coronavirus dashboard confirmed 2 460 people tested. Cfs licence holder section. This methodology allows mat to. The chart does not cover all situations for example a customer with more than 2 children or people with special dietary requirements or disability are likely to have higher figures of expenditure within certain categories.

The trigger figures can be used as a guide to review the client s spending. How do i apply for a cfs licence. Mat has undertaken research to update the trigger figures using methodology consistent with last year s review. A government source said the figure will be reduced from 30 but the new number is still being ironed out.

Subject to the applicant s eligibility mat will then issue a licence key which will allow the applicant again via the website to see the trigger figure elements.