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Scottish Trust Deed Forum
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Topic starter
08/06/2009 2:41 pm
i have the chance to do overtime which could earn me a extra ?ú200 a month will i have to inform my ip,also my statement of affairs is due in two months time if i do not inform my ip ,they could query this when i send my pay slips. what can they ip do if i dont declare this. i dont get steady overtime so this could only last a couple of months.
08/06/2009 5:37 pm
Hi Thomas,
Your IP will want to verify your income each year so the overtime will be identifiable from your payslips that you are asked to hand in.
Normally you will be allowed to keep a percentage and will be expected to hand over a percentage as an additional payment into the trust deed. The exact percentages do vary from firm to firm (and case to case) it would seem.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
10/06/2009 12:28 pm
Best to be up front I'd say, Thomas. If you are caught out hiding income then the trustee is less likely to be generous and let you keep the funds. Do make it clear that it is not expected to be regular income.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
