How much of my backdated pension will be taken by IVA ?

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William.59

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Post by William.59 » Mon Apr 25, 2016 7:49 pm
A mistake was made in my company pension i got an extra 50 pounds a month backdated to sept 2012 and received 1800 pounds after tax. I entered an iva in july 2014 and would like to know how much of this will the iva take.
 
 

kallis3

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Post by kallis3 » Mon Apr 25, 2016 8:10 pm
Hi,

I think you need to speak to your company about this so they can advise you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Mon Apr 25, 2016 8:15 pm
I agree, you need to discuss this with your IP. Some firms I have seen taking 50% of such a refund, others all of it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Tue Apr 26, 2016 9:46 am
It will depend on the terms of your IVA and how they are interpreted by your IP.

If in doubt you might want to get a specialist insolvency solicitor to help you, although they will need paying but if could help you get more money back in the long run if there is cause for a challenge. I can recommend a lawyer if needed.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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