Ask them to justify an increase of such a figure. The cost of living is going up all the time. My payments never went up even after payrises as the prices of fuel and food outstripped any pay increases. Stand your ground.

Have any of your expenses changed??

Paul

Welcome to the trust deed forum jennifer.

The payment into your protected trust deed should be worked out by subtracting your reasonable expenditure from your income.

That could mean that your payment increases if your income increases and/or your expenses reduce.

As plasticdaft says, your trust deed firm should have a record of the income and expenditure figures that they have used to work out your new contribution. I'd suggest asking them for a copy so that you can review it, confirm your agreement with the numbers, or point out any errors that you spot.

Thank you for your support telephoned them today and they are posting out another expenditure form and I will keeep you informed as to the outcome and yes your right Paul I will stand my ground I sometimes think they hope you will give in 🙂 No changes !!

Watch this space!!

Jennifer
X

I think some of the firms think customers button up the back!!!

The calculation that TDA mentions is really very simple,money in minus accepted reasonable expenditure equals how much you should pay!!

Dont be afraid to tell them if areas of your budget are causing trouble(fuel price increases,groceries etc).

Paul