a tricky one

[iel781]

ive just had a bit of news that i dont know what to do with.up to now with my iva i've done everything by the book,salary increases have been met with increased contributions and everything that needs to be disclosed has been.out of the blue,i've just recieved a letter from a pensions company(i was in a non contributory scheme for a company i worked for 10 years ago,and i'd totally forgotten about it) telling me there's £xxxxx in my retirement fund.what do o do with this?do i have to declare it to my IP?personally i'd rather not and sweep it under the carpet,but legally i'd rather do the right thing.advice from anyone please.

[Sadsack]

Hi iel781

I am sitting pretty much in the same position as yourself - I was in a contributory scheme, changed jobs and my present company do not have a pension scheme. As I was employed for quite some time with the previous company, unless I move the pension to another scheme, that money will stay with the Pension Holders gaining interest. Under Government Law (as I understand it, you cannot have that money if you worked for the company for more than 2 years).

It would be interesting to know what others have done in similar situations.

Take care
S