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Debt Advice Forum Forums Debt Solutions Trust Deed Do I Need To Include Winnings

This topic contains 4 replies, has 3 voices, and was last updated by  Shaun Connelly 3 years, 7 months ago.

Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
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  • #901

    Kenneth
    Participant

    I’ve had a bit a lucky win on a scratch card but do i need to tell the company running my Trust Deed about it? If so will i need to pay any of it into the trust deed and how much?

    #902

    Hi Kenneth,

    Any additional money you receive while in the trust deed must be included until the full debt plus any fees are repaid.

    If the amount you won only covers a portion of the outstanding debt then the full amount will need to be included.

     

    #903

    Shaun Connelly
    Participant

    Kenneth, i had a similar issue with my trust deed because i done overtime for a 3 months but the IP only took 50% of it.

    DAF, should  have paid the full amount of my overtime into the trust deed or could they do the same for Kenneth?

    #904

    Hi Shaun,

    Overtime is treated differently from winnings. While the full amount of winning must be included until the debts and fees are paid, only 50% of overtime pay will be taken.

    I can’t say exactly why this is the case but it may be about making it worthwhile for people to do overtime on an ongoing basis.

    #905

    Shaun Connelly
    Participant

    Ah ok i guess that explains it, thanks.

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