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Frequent Contributor

26 Posts

Posted - 07 September 2021 :  14:06:20  Show Profile  Reply with Quote
How do these proposed NI rises affect contributions to trust deeds etc when take home pay is going to be reduced .

TDA (Debt Adviser)
Trust Deed Expert

13799 Posts

Posted - 07 September 2021 :  15:37:45  Show Profile  Reply with Quote
Hi 1985debt,

I think this tax change comes into effect next April?

Like any other change in income or expenditure, your contribution should remain based upon an affordability calculation.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds    
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Frequent Contributor

28 Posts

Posted - 07 September 2021 :  15:39:18  Show Profile  Reply with Quote
If your affordability decreases for any reason - including a reduction in income - you should discuss this with your Trustee. You may be able to reduce your contribution, but speaking with your Trustee is always the best advice in these circumstances.
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