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Topic starter
04/10/2010 10:03 pm
Now I've got a question for our trust deed experts...
With the announcement today that higher earning families will lose child benefit entitlements in 2013 I wondered whether that would have any impact on how you assess a case and advise a client?
A family with three children could lose around ?ú205 per calendar month when this happens which would obviously have a big impact on their ability to contribute to a trust deed or repay their debts.
As most trust deeds last three years this may have an impact in the future on some higher earning people currently considering trust deeds.
As the change is predictable would you factor this into a trust deed proposal to creditors from the start?
I'm also interested to hear what other visitors and members feel about this announcement today.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
05/10/2010 12:05 pm
I think it should be factored in from the start. After all, when making proposals a trustee should be estimating what is likely to be reasonably affordable throughout the term of the trust deed.
My opinion on the change is mixed. At least it is progressive in that it is only higher earners losing out, but it seems to throw up anomalies and is poorly thought out.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
