Comparing Standard Financial Statement spending guidelines with needs measured in the Minimum Income Standard: 2024 update

Note this report is permanently embargoed and only accessible to people who have registered with SFS via https://sfs.moneyadviceservice.org.uk/en/use-the-sfs/spending-guidelines/minimum-income-standard-comparison

A comparison of the Standard Financial Statement (SFS)’s 2024/25 flexible spending guidelines with the costs of matched items from Minimum Income Standard (MIS) budgets. The SFS consists of a set of fixed and flexible expenditure categories. The three ‘flexible’ categories are: • Communications and leisure • Housekeeping (including food) • Personal costs.