Changes to earnings arrestment deductions & protected minimum balance

As outlined in a previous AiB news release, changes have been made to the Protected Minimum Balance (PMB) of arrested funds and to the thresholds in diligence against earnings. 

On 6 April 2019, the Diligence against Earnings (Variation) (Scotland) Regulations 2018 will come into force. The regulations amend the deduction tables set out in Schedule 2 of the Debtors (Scotland) Act 1987, which employers refer to when they are instructed to operate an earnings arrestment. 

This change also alters the protected minimum balance in bank arrestments. The protected minimum balance sets out a minimum amount which is protected from arrestment and provides important protection for those who may have their bank account arrested. 
The protected minimum balance will increase from £494.01 to £529.90.