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Scottish Trust Deed Forum
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Topic starter
04/10/2010 8:14 pm
Hi Trust deed experts,
Is there any allowance allowed for presents for my daughters Birthdays and christmases whilst i'm under a trust deed?
Thanks
04/10/2010 9:19 pm
Hello valley,
I don't think a specific allowance would normally be made for this specific expenditure on the record of income/expenditure.
However, and as has come up elsewhere in the forum today, how you actually choose to spend the money left over after your trust deed payment and essential bills is up to you.
The same would be true in sequestration where income and expenditure would be assessed in a very similar way.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
05/10/2010 12:24 pm
We usually have an allowance for "miscellaneous", under which xmas/birthday gifts would fall.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
