F&F and pension

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dave196
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by dave196 » Thu May 11, 2017 3:14 am
Do I need to show the full value of my pension pot if i make on offer to finish my IVA? Please advice.
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Foggy
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by Foggy » Thu May 11, 2017 7:16 am
No ---- the offer is based upon a lump sum calculated according to remaining payments x number left to pay (plus 12 if there is equity in the house) --- basically to give creditors what ( or near to) they signed up for.
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Michael Peoples
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by Michael Peoples » Thu May 11, 2017 7:59 am
If you have already drawn down the pension then it would need to be disclosed but if you are offering a lump sum from a future drawdown the total value is irrelevant.
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