Page 1 of 1
Posted: Sun Apr 15, 2007 5:14 pm
by mye
Hi,
When I retire my company pension would include a lump sum.
Would my creditors be entitled to this lump sum if my IVA had 1 or 2 years to go before IVA payments completion?
Thanks
Posted: Sun Apr 15, 2007 5:16 pm
by MelanieGiles
Hi mye
Rest assured that your pension is safe from your IVA - unless your proposal provides otherwise. This is unlikely but best to check to be sure.
Will you still be able to afford paying IVA contributions when you have retired?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk
Posted: Mon Apr 16, 2007 11:12 am
by .AADD
Hi,
Not sure yet, we will be 2yrs over pension age, but with works pension income and lump sum, and our normal pensions, we hope so.
Many thanks,you are being very helpful and ressuring.
font size="" face="" id="quote">quote:<hr height="1" noshade id="quote">Originally posted by MelanieGiles
[br]Hi mye
Rest assured that your pension is safe from your IVA - unless your proposal provides otherwise. This is unlikely but best to check to be sure.
Will you still be able to afford paying IVA contributions when you have retired?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk