Received lump sum pension

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vince
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by vince » Wed Aug 02, 2017 9:57 am
I've just received my pension a lump sum. I'm with Holmes financial solution. I've been paying some large bills with. Is it safe to do so ?
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Michael Peoples
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by Michael Peoples » Wed Aug 02, 2017 10:14 am
If you are in an IVA this is potentially a windfall. If you are in a DMP then you can usually do what you like with your money so it depends on your circumstances. Are you in an IVA or a DMP?
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Lisa Thomas
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by Lisa Thomas » Wed Aug 02, 2017 10:37 am
If you are in an IVA what do the 'large bills' relate to?
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Foggy
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by Foggy » Wed Aug 02, 2017 11:39 am
If in an IVA --- does your proposal exclude pensions and proceeds specifically ? If not, the IP will have a call on the funds as a windfall.
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