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nics07
New Member

6 Posts

Posted - 26 March 2020 :  08:02:18  Show Profile  Reply with Quote
Hello, just looking for some advice.

Iíve been in a protected trust deed since last October. At the time I had a help to save account which I did originally tell the lady about on the phone, however checking over my documents now it isnít mentioned anywhere. This account was always for my children ( it is due to close in May )
However, Iíve just been contacted by housing benefit and told that they have overpaid me, resulting in a reduced housing benefit until it is paid back. I was going to withdraw my help to save and use it to cover this as the difference means Iím £100 more a month rent. Is something like this allowed?

I hope all that made sense!

David Tannock
Trust Deed Expert



2382 Posts

Posted - 26 March 2020 :  09:35:00  Show Profile  Reply with Quote
Hi nics07,

The overpayment of housing benefit, was this for a period before the Trust Deed was signed or after you signed the Trust Deed?

How much savings do you have in the account?

With any changes like this and a reduction in benefits and increase in expenditure it's best to discuss this with your Trustee. You want to ensure that any payment is still affordable going forward.

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nics07
New Member

6 Posts

Posted - 26 March 2020 :  10:05:23  Show Profile  Reply with Quote
Hello David,

Thank you for a prompt reply. There is £690 in it. With a bonus to be paid In May. It would seem the period this covers
Is both before and after the trust deed was signed.

I was hoping to just cut back on certain things to make sure this is paid without it affecting my trust deed, wouldnít want it to extend it or anything and when my review comes up if this is paid off then it would mean an increase in my rent of around £30/£40 a month. I donít want it to mean I canít afford to give a certain amount to my creditors and affecting my trust deed.

Such worrying times.

Thank you again for the reply. This is still all quite new to me.
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Kevin Mapstone
Trust Deed Expert



3839 Posts

Posted - 27 March 2020 :  17:27:43  Show Profile  Reply with Quote
I think the best thing to do is to run it past your Trustee first. Given you told them about the savings in the first place then it seems likely that they were comfortable with it. If it means your housing benefit doesn't have to be reduced then it is safeguarding your ability to pay your Trust Deed anyway.

Recommended Partner & Trust Deed Expert - Ask me for help setting up a Scottish Trust Deed    
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