Hi again robbiegwa.

You will need to review your household income and expenditure with your protected trust deed provider.

To be fair to all parties, your girlfriend will be expected to bear her share of household expenses. If you were paying them in full yourself before there is a chance that your protected trust deed payment will increase.

This shouldn't be a problem for you though if your girlfriend is actually paying her fair share.

In terms of windfalls, that would be money or assets that come into your personal possession. If your girlfriend personally owns money or other assets that stay in her possession it's irrelevant to your trust deed.

Congratulations by the way!

I fully expect my payments to increase and I'm prepared for that.

Now that we live together our expendable income after all household expenses and her debt is around £800. Surely my payment wont jump to £800 from £169 will it?

Hi robbiegwa.

You'll be asked to pay what you can reasonably afford to, but that will not include the disposable income of your girlfriend.

Your additional surplus will go to the trust deed. Your girlfriend's disposable income (after she has paid her fair share of the household costs) is hers to keep and spend as she wishes.

Right then, so if i double my monthly contribution then the rest of the disposable income she can so with as she pleases?

That sounds reasonable.

I'm not sure whether you'll be doubling your monthly payment or not robbiegwa. That will come down to the numbers and the view that your trust deed firm takes on them.

What doesn't happen though is that that your girlfriend has to assist with the repayment of your debts. She just pays her fair share of the household bills (or at least her fair share of the bills is used for the calculation anyway).

Hi robbiegwa

Yes, as she will have her own costs and expenses to pay. It would be majorly unfair if a Trustee was sekking to have this paid to them by way of an increase in contribution.

Mark

Thanks very much for the help TDA and Mark

Most appreciated.

I plan to move in with my parnter, but she will be penilised by losing out on tax credits of £600 pm because of my income. Not quite sure what to do here as my payments to my TD will increase greatly if I do !!

Hi deid.

The payments might increase, but it shouldn't affect your actual financial position should it?

I don't mind paying more, its my partner who will lose out considerably and wouldn't be able to meet half of her contribution to the household bills etc that would be required by my TD !!

Hi Deid,

Sounds tricky. How much can your partner have as income, apart from £600 tax credits (whatever they are), wow ? would it not all even itself out if you move in and its all above board re-income.
If there was only one rent/mortgage to pay would that not help a bit.

Good Luck Deid.

Ralph

Hi deid.

Any change to your partners circumstances if she moved in would be factored into the calculation of your trust deed payment as well.