I'm in an iva currently paying £100 a month I might be able to get a lump sum from a pension next year by then I would owe 48 x£100 payments so was thinking of offering to pay off the remaining payments in full and wondered if this maybe acceptable
It is possible, but subject to acceptance by creditors. You do have to tread carefully though, as getting the lump sum might make it payable into the IVA anyway, unless pensions and proceeds are specifically excluded.
The way around this is to offer to draw down a lump sum for the purposes of a full and final offer only. If the offer is rejected you will not draw down the pension lump sum.
I would advise you to take independent advice from a pensions professional before drawing down a lump sum. Whilst they look inviting in the short term, these pension releases have long term consequences.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk