Notifications
Clear all
Scottish Trust Deed Forum
4
Posts
4
Users
0
Reactions
2,421
Views
Topic starter
09/10/2014 7:58 pm
I am looking for some advice and guidance I have just submitted my pay slip and P60 I am concerned as I had a little overtime on this as I had a holiday that i wanted to take my partner on , she has had to give up work due to a medical condition M/S but has nothing to do with my trust deed as this was from my previous relationship with my ex wife and i took on the credit that was accumalated.I also would like to get married next year as my partners condition is getting worse and if possible if I worked overtime to help pay for the wedding how would this effect the trust deed any guidance would be appreciated [:(]
09/10/2014 8:35 pm
Welcome to the forum daviekosovo.
I think the chances are that at least some of that overtime will need to be paid over to help repay your creditors. Only your trustee can tell you how much.
You'll also want to clarify whether you'll be able to retain a proportion of future overtime income to help towards wedding costs.
Often a trustee will allow a client to keep a percentage so there's an incentive for you as well as a benefit for your creditors.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
09/10/2014 10:42 pm
If you explain the circumstances to your trustee then they may be happy to be flexible, daviekosovo.
Did your partner have to give up work before you started your Trust Deed? If it was after then surely you household income will have gone down, so it stands to reason that you should be able to earn more without having to pay more over.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
10/10/2014 8:57 am
Hi daviekosovo,
It's one of those things which only your Trustee can answer for you.
I think that there needs to be a balance in situations like this. If you don't do overtime then creditors won't benefit from any extra money. If you do and you allowed to retain a percentage of this and you pay a percentage into your Trust Deed then creditors will benefit from this.
Give your Trustee or relationship manager a call to make them aware of the situation and to see where you stand with the overtime and saving for a wedding.
Let us know how you get on.
David is not currently posting in the Trust-Deed.co.uk forum
