Hi Ali
If you are living together and therefore sharing the costs of the home, then KPMG would want to see proof that he is paying his fair share of the household bills. As far as my understanding of this goes, that is all they will be interested in.

Hi ali212006.

This subject can be quite confusing. The answer is that your boyfriends income will be taken into account, but not in a way that means he will be required to pay towards your debts.

It's done to make sure that each of you are paying your fair share of the household bills. For example, if you both earned £1500 per month it would seem fair that each of you were responsible for 50% of shared costs like rent/mortgage, utility bills etc. If one earned more than the other then the higher earner might be expected to pay a greater percentage of the household costs.

As your income will be changing as well as your costs there will need to be a full review of your income and expenditure. Your share of the joint disposable income will go to your trust deed. Your boyfriends share should be his to spend as he wishes (just like it is now).

Thanks Folks.

We both decided no matter what the income of each other we would split the bills 50/50 and each have the rest of our wage to wo with as we please as we are keeping our debt seperate so the only bills we apay are household and not personal. As long as his disposable income wont change then thats good.

Definitely glad I told him about my Td though as it makes this easier.

Hi again ali212006.

You can of course look to split the bills between you however you wish.

The trustee will, when working out your trust deed payment, form their own view on what your share of the household expenses should be for the purposes of calculating your trust deed payment.

If you're earning similar amounts it should work out around 50:50 though.

Hi ali

It's not that uncommon for changes to occur through the period of the Trust Deed. Hopefully the Trustee will have a balanced approach when assessing any changes.

Mark

Hi Ali

i agree with Mark and hopefully the Trustee has a balanced approach, however TDA is correct and if the earnings are the samee then 50/50 split would be right, but if they are different then your payment would be in proportionate to what you should contribute to the household.