Taken early retirement

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pauline341

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Joined: Tue Aug 31, 2021 9:48 am

Post by pauline341 » Tue Aug 31, 2021 9:48 am
Hi I entered an iva this year but have taken early retirement do I have to pay over my lump sum

Breezy

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Post by Breezy » Tue Aug 31, 2021 10:00 am
Possibly -- unless pensions and proceeds have been specifically excluded in your proposal. It will be regarded as a windfall.
How do you intend to service your ongoing IVA payments on a reduced income ?
I am not qualified to give advice and can only state my opinions, based on my IVA experiences.

lifenoteasy

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Location: United Kingdom

Post by lifenoteasy » Tue Aug 31, 2021 10:14 am
It is likely that all of the lump sum will be payable into the IVA. They will then work out what remains owing.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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