Melanie, yes I see your point. Creditors would not want you to build up a lump sum to say put a deposit on a house after the IVA. But they'd be happy for you to put money into a pension, so it can be means tested and used solely for rental payments after you retire! David, some SAYE schemes last 5 t...

Did no-one realise you could give a better dividend if you stopped the pension contributions? You seem to have been lucky there!

I'm not proposing to include a savings allowance in the IVA budget. The employer would deduct £100 per month from take home pay and the family member would pay £100 per month towards the household budget so the two cancel out. It's a bit like having someone pay your stakeholder pension contribution ...

I am in a similar position to Endsmeet. My employer is offering SAYE schemes for 3,5 or 7 years. I'm in a DMP at the moment so I wouldn't be able to afford to pay anything into it myself. However, I could ask a family member to make the payments on my behalf so they can take advantage of it rather t...