Do you have to take it now or could you leave it until after your IVA has completed.
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
If you are wanting to offer it as a full and final DO NOT draw it down until a F&F has been agreed. Unless pensions and proceeds are specifically excluded in your proposal it will be sucked into the IVA in addition to your agreed payments.
The work around is to offer to draw down a given amount for the sole purposes of paying a F&F and, if the offer is rejected you will leave it in your pension pot.
How long have you got left in your IVA (and are you a homeowner) ? What is your current IVA payment each month ?
A F&F is based on remaining payments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014