Not usually. Most occupational pension schemes are completely ringfenced from bankruptcy proceedings, but if he becomes entitled to any draw downs during the bankruptcy period these are unlikely to be protected.
That must be an absolute priority for you imhotep - and make sure you pay maximum contributions into the scheme whilst in your IVA. Creditors would probably allow this if your circumstances were clearly explained by your IP.
We were only allowed to pay minimum into our pensions due to being under 55. I think this stinks as we need to save as much as possable for old age as the state wont put the jam on the bread.I was 53 when we started IVA nd hubby was 51 I pay just enough to keep mine going as I have life insurance in mine and hubby has had to drop his to £25 as he also has critical illness.I think this kind of expence should be reviewed and bought up to date.
My pension has not been affected at all. I pay 6.8% and it was never challenged.
Sharing from experiences of dealing with debt
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
It's all down to individual companies and creditors I think. Mine was never mentioned at all.
Sharing from experiences of dealing with debt
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
