Notifications
Clear all

NI rises

3 Posts
3 Users
0 Reactions
809 Views
(@1985debt)
Eminent Member
Joined: 6 years ago
Posts: 35
Topic starter  

How do these proposed NI rises affect contributions to trust deeds etc when take home pay is going to be reduced .


   
Quote
TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi 1985debt,

I think this tax change comes into effect next April?

Like any other change in income or expenditure, your contribution should remain based upon an affordability calculation.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
ReplyQuote
(@dbha21)
Eminent Member
Joined: 4 years ago
Posts: 36
 

If your affordability decreases for any reason - including a reduction in income - you should discuss this with your Trustee. You may be able to reduce your contribution, but speaking with your Trustee is always the best advice in these circumstances.


   
ReplyQuote
Share: