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Nicnac5
New Member

4 Posts

Posted - 05 June 2019 :  15:27:33  Show Profile  Reply with Quote
Hi
Iím wondering if anyone can help.
Iíve been on a training course since September 2017.
I may be entitled to a tax refund on the money I earned whilst in the training course.
My question is I didnít sign into the trust deed till November 2018.
If I get the tax rebate will the trustee keep all the money or will they only take a portion as I didnít enter the trust deed until towards the end of my course? If that makes sense?
Iím not sure how it works? I may not even get the tax rebate. Was just wondering what would happen if I did.

Thanks

TDA (Debt Adviser)
Trust Deed Expert



13031 Posts

Posted - 05 June 2019 :  15:37:07  Show Profile  Reply with Quote
Hi Nicnac5.

I'm afraid that the timing of the tax overpayment isn't relevant here.

The relevant factor is that you're potentially receiving this sum of money while in a trust deed.

Your trustee is very likely to request that any such rebate is paid over to them.

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David Tannock
Trust Deed Expert



2197 Posts

Posted - 05 June 2019 :  17:18:11  Show Profile  Reply with Quote
Hi Nicnac5,

As TDA has advised itís not about the timing but the fact you are in a Trust Deed at the moment and itís the Trustees job to recover as much funds for the creditors as possible.

HMRC will normally check the register of insolvencies and send any tax rebate directly to the Trustee.

Sorry itís not what you had hoped for.

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