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Topic starter
26/06/2022 11:23 am
Hi
I have been advised I am entitled the the cost of living payment from the government as I receive universal credit & I will be getting the first payment of £326 next month.
I am currently in a trust deed 2 months in.
I am just wondering if this something I need to make my trustee aware of & also will I have to pay this to them or with it being a cost of living payment am I allowed to keep?
Thanks
Nicola Clark
27/06/2022 9:21 am
You should always flag up any extra income you receive to your Trustee, just to be sure, however I suspect they won't expect you to pay those funds in to your Trust Deed.
I am sure there will be many on here who would be interested to know what they say, so would be great if you could ask them and let us know.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
27/06/2022 10:24 am
Thank you
I have just spoken to them & as it is a cost of living payment this is not required to be paid into my trust deed.
Hope this helps others wondering
Nicola Clark
