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Scottish Trust Deed Forum
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Topic starter
09/03/2011 11:59 pm
I would like to start making small payments via my work into a pension which would come direct and be deducted from my payroll, before hitting my bank and on my payslip.
is there anyway I could negotiate with my trustee to do this, would this be acceptable considering my status ? as im about to receive a very small payrise and would use that, so it will be declared - but declared as a pension payment ?
dunno it that makes sense !!
10/03/2011 7:01 am
My works pension was unaffected by my trust deed, it is an allowable expense and in these days a very prudent one...... Mind you according to today's press Lord Hutton is about to try and shaft me on my Pension......
10/03/2011 9:12 am
Hi idjmark.
There is nothing to stop you making a pension contribution if you can afford to.
However if you have received a pay rise you may wish to notify your Trustee. The risk otherwise is that you'll create further arrears on your trust deed later when the increase is discovered at your review.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
10/03/2011 9:13 am
Hi idjmark
It's up to the individual Trustee. If you had been paying into a pension at the start of the Trust Deed you would have been allowed to continue doing so, as long as it was reasonable. It really depends what effect it will have on your contribution.
Let us know how you get on.
Julie
Julie is not currently posting in the Trust-Deed.co.uk forum.
