If you receive a windfall or release a pension early would you pay all or 50% into your IVA ?

[Emmad157]

Hi my question is if you receive a windfall or release a pension early. Would you be expected to pay all or 50% into your IVA? The amount is approximately £6000.

[Shining]

Hi, I feel the answer will be in your proposal as to how windfalls are deal with. Release of a pension I don't know but am sure one of our experts would be able to advise

[MelanieGiles]

Your pension should be excluded from the IVA Emma.

[Emmad157]

Rang our IP today and we were informed we would have to pay 100% of the pension
In as it's classed as a windfall.

Emma x

[Adam Davies]

Hi

I think if you take a lump sum from your pension early it may be deemed a windfall, best to wait until IVA completed before drawing down any pension

Regards

[MelanieGiles]

Depends on the terms of the IVA Proposal I guess. I always make sure that my proposals completely exclude all pension funds - including cash lump sum drawdowns.