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Scottish Trust Deed Forum
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Topic starter
31/12/2021 12:54 pm
Hi, I only have a few more payments left in my term and I am about to start a new job. I'm looking for some advice as one of the advisors at my trust deed states I'll need to send them my first payslip to see if my contributions need to increase however I have spoken to another person who has said they won't be increased as I will only have a few payments before the end of my 4 year term. Which do you think will be correct?
I will have a fair bit of disposable income with my new salary so I did expect my payments to increase.
Thanks
01/01/2022 5:42 pm
Hi Ksm00009,
Unfortunately I think your contribution will need to increase during those final months. You're required to pay over your disposable income, which will change over time.
I guess the good news is that pretty soon you'll be able to benefit directly from this extra income that you're now earning.
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