Will my wife's lump sum pension payment be affected by my IVA ?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

Jon_H

User avatar
Posts: 3
Joined: Fri Mar 09, 2012 10:53 pm
Location:
Post by Jon_H » Sat Mar 10, 2012 7:01 am
Quote
Hi, I am a few months into an IVA (in my name only) My wife is due to receive her occupational penision in a few months. If she chooses to take a lump sum payment will this have to be declared / offered to the IVA as a windfall payment or, because the IVA is mine only, will she be able to keep the money.
Thanks in advance.
S
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Sat Mar 10, 2012 8:04 am
Quote
Hi and welcome.

As far as I am aware this sum will hers to do with as she wants.
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
Top
 
 

Jon_H

User avatar
Posts: 3
Joined: Fri Mar 09, 2012 10:53 pm
Location:
Post by Jon_H » Sat Mar 10, 2012 5:11 pm
Quote
Thanks for your quick reply.
Do you think I even need to declare this lump sum as and when she receives it?
Jon
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Sat Mar 10, 2012 6:12 pm
Quote
Hi Jon,

Personally speaking I don't you need to but hopefully one of our experts can confirm.
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
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”