Good question. I am in the same position. Hopefully someone will be able to advise. 🙂

Hi pamela26.

In a way yes as the Trustee needs to take allowance if household income and expenditure, however don't panic as this does not directly mean the contribution will go up because of your bf's income. You will obviously have to contribute to the household and he will have his own personal costs etc, so i suspect ( and normally ) there is little or no variation.

Mark

thats ok then... good to know when we decide to take the plunge... many thanks 🙂

Hello pamela26 and Newbie65,

When working out your Trust Deed contribution all of the income and expenditure for your household will be considered. The reason for this is simply to ensure that you are paying your fair share of the household expenditure.

A very basic example to help explain the principle:

You earn ?ú1500 per month.
Your partner earns ?ú1000 per month.
Your joint income is therefore ?ú2500.
Your combined expenditure as a household is ?ú2000 per month.
Between you there is therefore a ?ú500 surplus.

You are earning 60% of the household income (?ú1500 out of ?ú2500) and your partner 40%.
Therefore it would be considered that 60% of the ?ú500 surplus (?ú300) is "yours" and 40% (?ú200) is your partners.

In this example your Trust Deed contribution might be ?ú300. The ?ú200 attributed to the partner is his/hers to spend as they wish.

So your partners income will be considered (to help work out your fair share of the costs) but their share of the household surplus will remain theirs.

I hope this helps to explain the general manner in which this is normally handled.

thats great to know... many thanks tda and mark 🙂