When a trustee is assessing a person's income for the purposes of a Trust Deed payment calculation, would the following types of income be taken into account:
a) child benefit
b) income support
c) child tax credits
d) child support payments
e) housing benefit
Or is it simply a case of ALL income is included in the calculation?
To elaborate, all income is included in the assessment but a trustee cannot seek a contribution from means-tested benefits.
Therefore in practical terms this means someone's available disposable income is calculated with reference to all of their income minus all of their reasonable living costs, but on the proviso that the monthly contribution requested cannot be any more than the total of non means-tested income.
Hi SHerlock
As TDA & Kevin say, all income will be looked at. This is so that the Trustee can get a realistic view of your disposable income.
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