if your wages are not guaranteed to be the exact amount each month then i dont see how they can make a calculation based on your information, i may be wrong so the trust deed experts will give a better response. I would have a slight increase in wages once in a blue moon due to overtime payment, i contacted trust deed front line staff by phone and they stated as it is not a guaranteed income they would not increase my monthly trust deed payments. but wait for a response from the experts.

Thank you expired any information from any posters on here i am extremely grateful for thank you

Yeah they vary each month i have never had same wage in 9 months all quite different

Welcome to the forum Kevin.

Your regular payment is likely to be based upon a reliable level of earnings, otherwise it would sometimes be too much to pay.

If you do earn additional amounts it's likely that your trustee will expect you to pay an additional sum into your trust deed.

If the money has been spent, another way to collect in any additional liability would be to extend the trust deed by a couple of payments.

It doesn't sound like there's any cause to panic, but I would suggest contacting your trustee now to bring all of this out into the open and to agree what you should do in the event that you are earning more than your trust deed payment is based upon.

Hi Kevin

Unfortunately the trust deed legislation is very specific in terms of contributions. We hope this will change in due course but until then our hands are very much tied.

In summary, the legislation states that all disposable income must be taken as a contribution. This can cause problems when the client works overtime or received a bonus. Also you have a legal obligation to inform the trustee with changes in your circumstances.

Normally the trustee will ask you to complete a current status report annually however to avoid any issues like this, I would always recommend speaking to the trustee each time your income increases or you receive a bonus.

I would suspect your trustee will seek an extension of the trust deed duration.

Hi thanks for the advice the problem i have is my hourly rate is same but due to bein on call a week out of the month my wages for 9 month have all been different so would i need contact my trustee each month . Insted of extending the deed would they maybe put the contribution up each month or borh extend and up contribution quite difficult as i can roughly work out my lowest wage per month .Thanks for all help much appreciated

Ment to add over the period of 9 months 3 have been under the 1900 6 have been over.

It's difficult when your pay varies like this Kevin.

I think it's best to contact your trustee and get their advice on the best way to handle the practicalities involved.

They'll also be able to advise you on their position in respect of any arrears that have inadvertently been created.

Different firms will handle this in different ways - so best to speak to your firm directly.

Thanks for your help much appreciated i will do as i also buy things for work but its reimbursed in my wages but just shows as nornal wage. Thbaks again guys great website for help and response so quick already feel a bit better

Glad to hear that Kevin.

Definitely worth working out a way to separate out your work expenses as well. For example, receipts and/or a copy of your expenses submission at work.