Almost there, Melissa! I guess you could be forgiven for fearing a last minute hitch as you get closer to the line...

You would need to let your Trustee know about the increase in earnings, so yes there is a chance that you may have to pay more for the last 5 months.

However, there is no reason that this on its own would lead to your Trust Deed being extended. That would only happen if you have missed payments previously, or if you have an asset that you are having to make extra payments in order to keep.

Hi melissa,

Not long to go now! How have you found the Trust Deed process so far?

If you have kept to your side of the deal and maintained your agreed payments then I can't see any reason why your Trust Deed would be extended.

Like Kevin has advised, any change in circumstances you would need to advise your Trustee and there is the possibility you could be asked to increase your payment for the remaining months of your Trust Deed. Your Trustee should work through a thorough income and expenditure with you to determine what you can increase your payments by as you may have additional costs or your expenses could have increased.

Speak with your Trustee about it and let us know how you get on.

I always say, its the fear of the unknown which is the killer, so always best to speak directly with the Trustee, advise of the changes and that way there will be no surprises at the end.

Don't assume that contributions will rise by the amount of increase. There's always increased costs, so don't worry too much.

Mark