Can I put my pension pot aside

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cadvan

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Post by cadvan » Mon Dec 16, 2019 8:58 pm
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can i put my pension pot aside to pay for my funeral in an iva
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Foggy

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Post by Foggy » Mon Dec 16, 2019 9:04 pm
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If you have drawn it out and it is sitting in your bank account --- no. It is an asset that they may require you to pay over.
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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luluj

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Post by luluj » Tue Dec 17, 2019 3:20 am
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Leave your pension in at the moment so it cannot be taken as a lump sum.
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kallis3

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Post by kallis3 » Tue Dec 17, 2019 9:16 am
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The other thing is, if you can afford it out of your allowances is to take out one of the over 50's or funeral plans.
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The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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