Hi, I'm 3.5 years into a TD and I am due to get a backdated payrise from Jan 22 which could be around £2000, given that it was a cost of living increase and should have been part of my wage and given that things have dramatically increased in price since 2019 will I be able to keep this money?
Hi LC23. That will be up to your Trustee, I'm afraid. If you can make a good enough case to them that your living costs have been more than has been allowed for in your budget during that period then they may allow you to keep the money, or part of it. If I were you I would be having a look at the income/expenditure you completed at your last review and identifying any areas where your actual living costs have been higher - if possible gathering together evidence to support this.