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Topic starter
27/11/2011 2:54 pm
I received a cheque for £500 today from my family as a birthday gift. My trust deed states that XX% of bonuses/overtime are to be paid to trust deed and I need to notify the trustee of any windfall over £1,000. I'm not sure if this £500 is considered a windfall of and therefore not relevent or if it is classed as a bonus in which case I should pay XX% towards the trust deed.
Does anyone have any guidance on this? I have notified the Trustee and will wait on their advice also.
27/11/2011 3:03 pm
Hi SuzuW.
I don't see how this could be viewed as a bonus as it isn't earned income.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
27/11/2011 6:12 pm
Can't see it being classed as a bonus, and it's under the £1000.00 that you need to notify your trustee......
My advice is have yourself a great Birthday and Christmas, so go and treat yourself....
27/11/2011 9:08 pm
What a generous family you have SuziW. I'd agree with the others, if your trustee has specified a floor of £1k then I'd say you've nothing to worry about.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
27/11/2011 10:34 pm
As per previous threads, you are the only person that can notify your trustee......
28/11/2011 8:39 pm
Yes you do have a generous family, but you should go and enjoy your gift(sensibly) and stop worrying about it.
Shona is not currently posting in the Trust-Deed.co.uk forum.
