Cost of living payment in debt solutions

The UK Government announced a cost of living support package on 26 May 2022. 

As a response, Accountant in Bankruptcy have drafted additional guidance to explain how these will be treated when individuals are applying for a statutory debt solution. 

Appendix B within the Common Financial Tool publication provides guidance on how AiB expect Trustees/Money Advisers to treat these payments and in particular how they should be recorded on the client’s Income and Expenditure.