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Topic starter
07/03/2011 8:06 pm
as my boiler is broken ,i have no heating or hot water if for arguments sake i received £1000 bonus would i have to give all to my ip. i obviously cannot get finace (need£2700 for new boiler)at this moment i cannot afford this ,guess i,m stuck with no heating or water are there any options at all to get some emergency cash i have no family and asking friends for that kind of money is not an option .
any help yours mr freezing.
i will speak to ip tomorrow as well but i dont hold out much they can do
08/03/2011 11:20 am
Hi maverick267.
I'm sorry to hear that you find yourself in this position.
You should speak to your trust deed provider about the situation with the boiler to see if they can help in any way.
You'll also need to let your Trustee know about any bonus payment, which I'm sure will be dealt with in line with the original agreement that you entered into.
I'm afraid I'm unaware of any sources of emergency cash in connection to the boiler. Hopefully another member of the forum might have some ideas for you.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
08/03/2011 11:25 am
Hi maverick267
If you have a sympathetic trustee they may allow you to retain the full amount of the bonus for the moment to allow you to deal with your boiler, however you will be asked to pay back the agreed amount at the end of your Trust Deed.
Julie
Julie is not currently posting in the Trust-Deed.co.uk forum.
Topic starter
08/03/2011 4:37 pm
yep pay all bonus to ip,however minus tax i assume
no luck with boiler nothing ip can do so will have to leave it as is
thanks
08/03/2011 6:23 pm
Hi Maverick
I find this an unusual statement.
To confirm, your IP advised that they wanted you to sent 100% of the bonus?
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
09/03/2011 8:16 pm
eventually i have got hold of gas engineer cost of repairs 400-500 will advise ip later when confirmed, but ref bonus as discussed is an assest? therfore has to be declared to ip and has to be paid in full minus which ever tax 20 or 40% they take off.seperate issue now tax man wants £2500 off of me ref underpayments they say were missed due to their computer errors? again will contact ip but what are thoughts on forum of this as my tax code is now 167 many thanks for quick and helpfull replys
09/03/2011 8:40 pm
If the tax was owed prior to signing the Trust Deed it will be a claim in the Trust Deed.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
18/03/2011 9:02 am
eventually boiler fixed cost still to come as extra parts required,ref tax it goes back to 2007 they say its going to come off my basic wage.not sure if i should strat a seperate topic here ref tax?
just worried how much they will take off of me
18/03/2011 11:07 am
I wonder if one of our experts can explain how this will/should work?
HMRC are different from other creditors in that they can amend a tax code to collect money that was due from previous years.
However, if that liability relates to the period prior to a trust deed starting should it be dealt with in this way or be added as a claim in the trust deed?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
21/03/2011 11:10 am
If the liability relates to a period prior to the date of signing of the trust deed then they have no right to claim that back from you by amending your tax code, maverick267. I suggest you ask your trustee to contact them and confirm the position.
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