Get expert opinion. This is the place for new questions to be posted.
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Sarahd0797
- Posts: 1
- Joined: Fri Mar 27, 2015 4:53 pm
I have just been accepted for an IVA and wondered if I am allowed to take a small lump sum from my pension (25% of total valuation) when I reach 55 .
Will this affect my IVA , is there a threshold of what is allowable??
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Foggy
- Posts: 33396
- Joined: Fri Dec 17, 2010 11:14 am
- Location: United Kingdom
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Unless pension proceeds have been specifically excluded any money you draw down would be payable into the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014