HiÂ
I am wondering if you can help. I have been in a protected Trust Deed for nearly 2 years.
However is there anyway I can get out of this?
I am due to receive a backdated payment for child disability payment that my son has now been awarded and I am wondering can I use this to pay towards some of my future contributions and then ask a relative to pay the remainder so I can get out of the Trust Deed before I was due too?
I still have another 3 years to go as my Trust Deed was extended by 8 months due to my carÂ
Hope you can help
Kind Regards
Nicci
Hi Nicci. I'm afraid the regulations say that a Trust Deed must run for a minimum of 4 years, unless you manage to pay your debts in full along with the trustee's fees and outlays. It isn't possible to pay the remaining scheduled contributions only and then finish early.