www.iva.co.uk

The company I work for offers a pension wherby you pay in 5% off salary and they add 11%. In my case that would mean a contribution of £125 a month before tax and a pot of £24k over the next 5 years.

I have not enrolled in the scheme yet(it only started in October) as money is so tight.

Would it be Ok to enrol knowing I am to seek debt advice very soon . If so what effect would it have on IVA payment amount would the whole contribution be counted against the disposable income figure.

Thanks

Mike

If this is the minimum required to join or stay in the scheme it would probably be acceptable to creditors. The net loss to creditors would be quite low in relation to the amount your pot would grow by and worse case scenario you could make an additional 12 months payments to the IVA to address this shortfall.

Speak to your IP about what you are proposing but it seems fine to me.