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 pension query

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T O P I C    R E V I E W
jenny Posted - 06 August 2008 : 17:34:05
hi my oh goes bk on friday, does anybody know if the or can take his army pension he isnt eliible to claim it for another 11 years but just wondered if or could claim it many thanks
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John Posted - 06 August 2008 : 22:38:29
Hi ians
you may be asked to suspend your personal contributions to the fund for the period of your BR to free up DI for a possible IVA.
If the OR doesn't mention it then great.
But if the contributions were suspended, I think the contributions are only suspended until your discharge. So at that time you would have to revise your I&E.

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0800 078 9367
BankruptC Posted - 06 August 2008 : 22:25:26
Hi John,

Sorry to butt in, but what would happen to my teacher pension contributions during BR? Yet another thing we haven't thought of!

Thanks,

CG
John Posted - 06 August 2008 : 22:22:43
Hi jenny
Suzanne would probably know the technicalities of how the OR would view an army pension due to start paying out in 11 years. My view is that, broadly speaking, an inland revenue approved pension fund, which I'm sure his is, is safe.
If he were contributing at this time that could be an issue (the contributions that is).

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