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Posted: Thu Sep 15, 2016 2:26 pm
by Pauldn73
I am in the last year(extended)of my IVA.
I have just turned 55 and have a small private pension I could cash in. Would this have to be paid into my IVA?
Posted: Thu Sep 15, 2016 2:35 pm
by Foggy
Yes, unless pensions and proceeds were disclosed and specifically excluded in your arrangement. In the extension year you are under exactly the same constraints as in previous years.
Posted: Thu Sep 15, 2016 2:47 pm
by Michael Peoples
It may be better to wait until your IVA has completed and then cash in the pension to avoid any problems.
Posted: Thu Sep 15, 2016 2:48 pm
by kallis3
I agree that you should hold off until the IVA is completed
Posted: Fri Sep 16, 2016 12:42 pm
by Lisa Thomas
The alternative might be to put forward a variation to creditors asking if you can cash it in and pay over the last years worth of contributions to close the IVA early.