has anybody finished an iva early using a pension draw down i am 55 next june
its not a large pot but i dont want to risk losing it all, im with harrington brooks
The pension is usually excluded but you could offer to draw it down as full and final. Creditors are normally happy to take an early settlement but bear in mind while your IVA could finish early you could also be affecting your income in retirement. It may be worth getting independent financial advice before you ever touch a pension.
How long do you have left in your IVA? As Michael says get professional specialist pension advice first but then yes, you can put forward a lump sum variation to creditors to see if they will accept it.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by linrog
yes i did i was with harrington brooks too they were great
hi
did you offer the full remaining payments left plus the extra years equity payments or a slightly reduced offer and was it as easy as just picking up the phone and asking them
sorry if i seem nosy but i have lots of questions and i dont want to get it wrong
thanks rover860
