| T O P I C R E V I E W |
| p.f |
Posted - 20 June 2008 : 14:32:03
i am 62 years old and retired through ill health bankrupt feb 2007 now discharged can i cash in my personal pension
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| 7 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 20 June 2008 : 16:00:32
Hi PF,
Delighted we could help.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| p.f |
Posted - 20 June 2008 : 15:39:12
thankyou for your advise |
| JulianDonnelly |
Posted - 20 June 2008 : 15:04:51
Hi PF,
i would suggest that this question would relate to whether the OR had an interest in the pension policy. However, as the rules changed in April 2004 (with the introduction of the 2002 Enterprise Act), you shouldn't have anything to worry about.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| p.f |
Posted - 20 June 2008 : 14:55:07
why do the pension company ask on the form if you have been bankrupt since 2001 |
| JulianDonnelly |
Posted - 20 June 2008 : 14:54:42
Hi PF,
An IPA is an Income Payment Agreement. This is a voluntary agreement the OR would have asked you to sign, paying an element of your disposable income every month for 3 years. An IPO is where you decline to sign an IPA and the OR goes to court to obtain an Income Payment Order (the same as an IPA, but granted by the court). As you've heard neither term before, I would suggest you are now free and clear to get on with your life!
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
| p.f |
Posted - 20 June 2008 : 14:41:41
what is an ipa/ipo |
| JulianDonnelly |
Posted - 20 June 2008 : 14:35:00
Hi PF,
If you have been discharged and not subject to an IPA/IPO, then you can indeeed cash in your pension.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
