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Scottish Trust Deed Forum
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Topic starter
31/05/2015 3:51 pm
Hi
I'm in the process of looking at a trust deed wondering when reviewing income/expenditure should I work of my basic guaranteed salary or work of a the average income from the last 12months.
Reason been I get a monthly bonus which can vary in amount & is not always guaranteed
thanks
31/05/2015 9:10 pm
I think its probably safer to work off guaranteed income and agree a percentage of bonus per the previous post. That way it takes away any uncertainty.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
01/06/2015 9:02 am
Hi Wrongturn.
Working from guaranteed income makes sense. You need to have the security of a trust deed payment you know you can make every month.
Are you concerned that there may not appear to be a surplus (the amount that you can afford to pay into a trust deed each month) if you don't include any element of the bonus?
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
01/06/2015 3:04 pm
Hi Wrongturn,
Like Mark and TDA have advised I think the safest thing is to work off of the guaranteed income.
If you know you are going to be working overtime and earning bonuses this can be reviewed on a monthly basis and an approach taken on this.
David is not currently posting in the Trust-Deed.co.uk forum
