If I take my pension lump sum early due to ill health, before I receive my CC, can it be taken.

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T.88

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Post by T.88 » Thu Feb 26, 2015 5:00 pm
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my iva has had last payment bit am awaiting completion certificte due to ill health i am considering taking my pension early can they take any more money of me if i take part of my pension in a lump sum before i get my completion certificate
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Foggy

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Post by Foggy » Thu Feb 26, 2015 5:59 pm
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Unless pension proceeds were specifically excluded in your IVA, yes, they can draw any lump sum into the arrangement.
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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Michael Peoples

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Post by Michael Peoples » Fri Feb 27, 2015 9:14 am
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You need to call a variation to exclude this or wait until you receive the certificate. Otherwise the funds could be at risk.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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seagulls

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Post by seagulls » Fri Feb 27, 2015 8:03 pm
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Its not worth the risk T.88. Michaels advice sounds right to me.
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