Private pensions classed as windfall but HMRC pensions are protected ? Is this right ?

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Foggy

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Post by Foggy » Tue Sep 25, 2012 12:51 pm
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Thank you Paul. Might I add that your sig. is very true --- It's good to talk :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Niobe

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Post by Niobe » Tue Sep 25, 2012 12:54 pm
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Hi iampav,

Contact Andy Davie to see about being made an expert. You'll be allowed limited details in your signature but people won't be able to contact you directly via your posts.

All expert posters are welcome on here - the more the merrier!!
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iampav

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Post by iampav » Tue Sep 25, 2012 12:56 pm
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Thanks Foggy & Niobe! I feel welcomed!
Very few problems cannot be resolved with an open and frank discussion.

Always discuss your problem honestly with your Nominee/Supervisor.

Ideal Debt Solutions
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hwg

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Post by hwg » Tue Sep 25, 2012 2:14 pm
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WOW.......
Thanks for your replies and what a grey area....but i appreciate all your advice...
a bit more background to this..
IVA...Approx 2yrs
ILLNESS....progressive and incurable this was mentioned and noted in my iva proposal.
JOB.....civil service and have been granted medical retirement which carries with it a good pension/lump sum (figures not known).
because iam only in my 40s mortgage/family still to support and not being able to work my pension/lump sum is for my future.
we had just got into the iva life and were counting down the months....we are proud people who have every intention of repaying what we owe..
thanks for reading
hwg
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Pandy

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Post by Pandy » Tue Sep 25, 2012 5:22 pm
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Where do state pensions come into all this are they ring fenced or included in deciding someone's disposable income
If life is what you make it, I must have been in a strange mood when I made mine
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Niobe

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Post by Niobe » Tue Sep 25, 2012 7:14 pm
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State pension is taken into account for your DI.
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MelanieGiles

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Post by MelanieGiles » Tue Sep 25, 2012 10:02 pm
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Just to be clear, all income derived from pensions - including annuity payments - is taken into account for the purposes of calculating disposable income.
Regards, Melanie Giles, Insolvency Practitioner
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