Will i be able to contribute to a pension scheme?

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g.fl

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Post by g.fl » Wed Jan 31, 2007 1:48 pm
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Will i be able to contribute to a pension scheme?
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Skippy

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Post by Skippy » Wed Jan 31, 2007 2:09 pm
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This is a very grey area - there don't appear to be any set rules. I have been allowed to keep paying into my pension scheme, but I know others on here have been told to suspend their payments.

Sorry I can't give you any better advice, but I think it all depends on your creditors and your IP.

Three down, fifty seven to go until freedom!
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Oliver

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Post by Oliver » Wed Jan 31, 2007 2:23 pm
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Skippy is correct. You may be asked to suspend your pension payments during the term of your IVA to maximise the amount you pay your creditors. However, it seems fairly "hit and miss" as to whether the creditors will enforce this or not.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
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Best Regards
Oliver
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MelanieGiles

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Post by MelanieGiles » Wed Jan 31, 2007 3:05 pm
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I always look at people's ages. I would be more inclined to allow pension payments for someone in their 40's rather than in their 20's. On this basis, the younger people could make up for the loss of unpaid pension contributions when their IVA is concluded on the basis that all of that disposable income is available to them.

Ultimately it is the creditors decision though at the end of the day.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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