www.iva.co.uk

Hi there,

Where i work has joined up with the scheme whereby i am `opted` into a company pension. When i started my iva i was told i couldnt have a pension.. but as this is a government scheme etc not sure how that works with my iva.. it ENDS oct 2014, so not long to go, ive actually just done my last review..

obviously i dont wanna miss out due to this new scheme but also dont want to upset the creditors if i am not allowed. etc

thanks in advance

Will you be able to afford this without affecting the IVA payment?

erm well every time i've done my finances and told them i can afford X, they've come back demanding more then this and i've had to make huge changes to accommodate them.. so not really that confident in anything until they come back with my final review.. so its just a case of really bad timing for all this pension stuff to start..

when u say can i afford? they gave me the impression i am basically not allowed ANY form of saving scheme, including pensions so just truly confused more then anything else

oh and thanks for the quick reply

I was allowed to keep contributing to my pension throughout my IVA (I'm in my 50's) and also encouraged to have a savings account to house a contingency fund which never had a lot in but there was always a small bit in.

Maybe an expert can comment re the pension?

thats very interesting as i was explicitly told to shut down everything!! how can a system designed be SO different depending on the individuals you go with.. that to me is just very wrong

You find this all the time, some are asked to reduce contributions others told to stop all contributions.

the inconsistencies are really frustrating