Just completed my 6 month review.
Due to a slight increase in my take home pay, I have an extra £40 per month difference between income and expenditure. I have been scrupulously honest, and declared this on the form.
Do you think my monthly contribution is likely to go up, or will I be allowed to keep the little extra cash?
Hi there amorphous.
It's hard to know. It seems like a "cost of living" type pay rise so inflation may be taken into account.
Having said that, your trust deed firm are likely still to seek what the income and expenditure exercise suggests you can reasonably afford.
It would be interesting to hear the outcome.
As trust deed assistant says, your living costs are likely to have gone up too due to inflation, so as long as you are also putting this down too then any change should be minimal