Trust Deed Forum - Cost of living government payment
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Frequent Contributor

36 Posts

Posted - 26 June 2022 :  11:23:34  Show Profile  Reply with Quote

I have been advised I am entitled the the cost of living payment from the government as I receive universal credit & I will be getting the first payment of 326 next month.

I am currently in a trust deed 2 months in.

I am just wondering if this something I need to make my trustee aware of & also will I have to pay this to them or with it being a cost of living payment am I allowed to keep?


Kevin Mapstone
Trust Deed Expert

4111 Posts

Posted - 27 June 2022 :  09:21:04  Show Profile  Reply with Quote
You should always flag up any extra income you receive to your Trustee, just to be sure, however I suspect they won't expect you to pay those funds in to your Trust Deed.

I am sure there will be many on here who would be interested to know what they say, so would be great if you could ask them and let us know.

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Frequent Contributor

36 Posts

Posted - 27 June 2022 :  10:24:22  Show Profile  Reply with Quote
Thank you

I have just spoken to them & as it is a cost of living payment this is not required to be paid into my trust deed.

Hope this helps others wondering

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