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Scottish Trust Deed Forum
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Topic starter
08/10/2010 7:32 pm
Hi All,
I posted recently on this site regarding pensions, but i now need a little advice regarding reduced income.
I am over 2 years into a 4 year TD and pay ?ú255 month. I was diagnosed with MS in July and work for the NHS. My full pay ends on 16th Nov, and i go onto half pay(for 6 months). I wrote to my TD people this week to let them know that my income would be halved. What will happen?
Also i have applied for DLA. I know this is a non means tested benefit to help with my care and mobility, will it effect my TD and do i need to disclose it?
Thanks
Karen
09/10/2010 12:54 am
Welcome back to the forum Kola23.
All of your income, earned and benefit-based, will be treated as your income for the purposes of the trust deed and should be disclosed. However as the DLA is there to assist with your increased costs it may be somewhat negated in terms of your trust deed payment.
I think that the best thing will be to liase with your trust deed company as soon as they come back to you to assess whether a trust deed remains viable and suitable for you given the changes to your circumstances.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
Topic starter
17/10/2010 8:36 pm
Hi Amy,
Thanks for your reply again.
I wrote to them 2 weeks ago, but so far have heard nothing...think i will phone them.
Also, can you tell me what effect, if any, a Pension Sharing Order can have on a trust deed or bankrupcy?
The court has granted a PSO for my ex to claim ?ú2000 of my pension...is there anyway through trust deed or bankrupcy this can be stopped being given to him?
18/10/2010 9:50 am
Hi Kola23
pensions are excluded in Trust Deeds and I can see no (realistic) reason why a Trust Deed or even sequestration would overturn this.
You're probably right to call or send a Recorded Delivery letter.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
