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TD application successful but need to change job!

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 Drew
(@drew)
Active Member
Joined: 10 years ago
Posts: 15
Topic starter  

Hi,

It's been a while since I was on here and with all the great advice I have been successful in entering a protected trust deed as of February 2015! My issue is that my maternity leave has finished and I have returned to work even more part time than I already was due to childcare issues. However it simply won't be enough in earnings so I and considering going self-employed. I have been offered work that requires "anti social" hours so my other half will be able to watch the little one.
Can anyone see any issues with this?
Thanks so much for any input!


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Sorry for the slow reply Drew.

There's no general issue with self-employment and trust deeds.

Do you have any particular more specific concerns in terms of your own personal situation?

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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David Tannock
(@david-tannock)
Famed Member
Joined: 12 years ago
Posts: 2581
 

Hi Drew,

Like TDA has advised there isn't any rule on being self-employed or any restrictions. You can still work and earn a living,

Do you feel you would be able to continue with your agreed payment to your Trust Deed given the change?

With any change in circumstances your always best to run this past your relationship manager.

David is not currently posting in the Trust-Deed.co.uk forum


   
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 Drew
(@drew)
Active Member
Joined: 10 years ago
Posts: 15
Topic starter  

Hi there,

I guess I'm just a bit nervous about making the jump to being self-employed TDA. My hubby is self-employed but I've always liked that at least one of us has a steady income, although he regularly earned more than me. Yes I can still make the payments, I would be really struggling to make them if I don't make the change David. I guess I was just looking for reassurance that it's ok to change jobs etc whilst in a trust deed. Yet another life change!!!


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

There's no problem with changing your employment Drew.

The key point is to keep your trustee promptly updated with changes to your circumstances (income and/or expenditure).

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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