Hi piper.

When bills go up we'd normally suggest letting the trust deed firm know immediately to try to avoid problems building up. Having said that your trustee may exercise some discretion, and especially so if you can document the cost increases.

I suspect that they'll see the overtime earned and the vehicle costs as being separate issues. If 50% of extra income is your agreement I think they'll look for that to be paid over. Hopefully some of that might be offset if you can demonstrate why certain allowances became inadequate.

Unless like me you are told by your Trustees that your outgoings are fixed and can't be changed, but if your income goes up they will take half of that.........another point to get clarified at the outset.

Hi Wikikee

I'm amazed that any firm could take this stance. On that basis there has been no increase in food, gas, electricity, fuel etch etc in the last 3 years.

In reviewing these, it is all about balance and taking a balanced approach to thing. Certainly, if some overtime payment was offset against garage bills etc and this could be demonstrated, I can see there being a problem.

Mark

I had same with KPMG, I had pay rises year on year and they took 50% of the uplift and added them to the payments.

I think looking back I could have told them anything and it would have been ok, they ddnt ask for payslips or anything, just took my work for it over phone backed up on email.

It appeared as long as you pay every month, on time, I think they are happy as they get their full fee.

Hi twitcher

Strange way do do a review.

Just watch it doesn't get to 3 years (or 5) and they seek years worth of payslips and extend it for something they should have done!

Mark

Twitcher - that is exactly how i am finding KPMG. i have been in a trust deed for 20 months and in that time i have had one review letter. i sent in two payslips. i then got a letter 3 months later to say my payments would remain the same. I have had absolutely no contact from them at all apart from that - i make the payment to them on every month and it does appear thats all they are interested in.

Unless there is a change in your circumstances then there should be no reason for any further contact other than the annual/six-monthly review.

certainly I agree with Mark that the review needs to be balanced - wages (usually) go up a bit each year but will often only cover (or perhaps not) the rise in the cost of living. Trustees live in the real world and really should recognise that.

Thanks - Think i just expected to hear from them all the time. i know someone who went through bankruptcy and they said that they were constantly contacted.