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Posted: Sat Mar 10, 2012 7:01 am
by Jon_H
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
Posted: Sat Mar 10, 2012 8:04 am
by kallis3
Hi and welcome.
As far as I am aware this sum will hers to do with as she wants.
Posted: Sat Mar 10, 2012 5:11 pm
by Jon_H
Thanks for your quick reply.
Do you think I even need to declare this lump sum as and when she receives it?
Jon
Posted: Sat Mar 10, 2012 6:12 pm
by kallis3
Hi Jon,
Personally speaking I don't you need to but hopefully one of our experts can confirm.