I have received my forms for my annual review. It says they are only interested in income changes as "expenditure was agreed at start of trust deed" Surely they cannot ignore inflation???? My income has gone up slightly (due to tax changes and increased hours) but food bills etc have gone up
Hi fcwalker
That's certainly strange. You could have a scenario where your rent was £850 p/m and then move to a property which is £650 p/m or your mortgage rate changes.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Consumer price inflation is 2.7% currently.
That would mean a £300 housekeeping monthly spend might cost £308 for the same items a year later.
It's not a huge change, but it's certainly significant and should be taken into account.
That sounds like a KPMG letter. Have had those for the past 2 years. I informed them if my first pay rise in 4 years a few weeks ago (a whopping 1%) and only then have they asked me to do a new income/expenditure.
Glad that's over with....
quote:
Originally posted by upstream
That sounds like a KPMG letter. Have had those for the past 2 years. I informed them if my first pay rise in 4 years a few weeks ago (a whopping 1%) and only then have they asked me to do a new income/expenditure.
It is indeed! I am going to write an updated expenditure sheet and send it with my payslips/bank statements.
Good Luck with that, I tried to tell them my expenditure had increased but they were having none of it.
How do kpmg get customers when so many people are unhappy with the service/attitude?
You cannot expect to go 3 years plus without items of expenditure going up. Talk about out of touch with reality! !
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
That certainly sounds like KPMG! They have made a catalogue of errors the whole time through my TD and still continue to so, so people be aware. They have have sent out lots of letters in error causing me so much worry and upset and "apologise" when I question them. I am still waiting to be discharged a year after I completed all my contributions on time and in full. June 2008 I started....... and not impressed by them in the least. I am ready to move on with my life but have these idiots dragging their feet. Not nice at all.
I was passed to them by CCCS. I wish I had done my research and picked a firm myself. They have really mucked me about and like Mollykins there have been several errors made
I got a letter back from them this morning after doing a new income/expenditure as a result of my pay rise. I included a letter about the rate of inflation versus my first pay rise in 4 years which seems to have found its way to someone sensible as they have stated that my contributions will remain the same.
I have 12 months to go and they sent me PPI forms to sign 6 months ago so hopefully that's all out if the way for when my TD comes to an end.
Glad that's over with....
That is good news Upstream. I have put a similar letter in with my review paperwork and expenditure sheet