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Scottish Trust Deed Forum
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Topic starter
15/12/2009 7:39 pm
what thankshappens in trust deed with any bonus you get from work
15/12/2009 8:07 pm
Hi again stuartrae1,
That depends on the terms of your Trust Deed; the situation varies from firm to firm and case to case.
Typically a percentage or all of the bonus would need to be handed over to help contribute towards the repayment of the debts in the Trust Deed.
I'd suggest you call your Trustee to ask what your responsibility is. It's worth sorting it out now as your income will be verified when the Trust Deed is reviewed and any additional payments due may cause serious difficulties if the money hasn't previously been set to one side.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
15/12/2009 8:38 pm
thanks tda i will contact trustee
Topic starter
17/12/2009 8:39 pm
hi,just letting you know i contacted trustee and because my payments are up to date and i only get 1 bonus a year i can keep it yeeee haaaa[:D]kids will have a christmas well pleased.
18/12/2009 9:35 am
Good morning stuartrae1,
That is good news. I hope you and your family have a really good Christmas.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
