www.iva.co.uk

Posted: **Fri Aug 31, 2012 12:48 pm**

Retirment on state pension.
I am 17 mths in to a 6 yr IVA and I will be 65 next June. I currently work part time and earn slightly more than the state pension and intend to carry on working when I reach retirement age. My question is, if I draw my state pension will I effectively lose it to the arrangement or just a percentage of it. Or can I opt to freeze it for say 2 yrs to increase the pension to the level of my wage so as to keep current IVA payments stable.

Although I do have plenty of time to sort this out some heads up on the rules would be welcome. Thanks in anticipation

Posted: **Fri Aug 31, 2012 1:09 pm**

Any changes can be dealt with at the review stage whether you retire. I see no reason why you could not defer if you continue to work but check with your IP. They may well have factored your age in when drafting the proposal.