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T O P I C R E V I E W
jonath119
Posted - 17 January 2011 : 01:55:53 I am currently bankrupt and have a ssas pension scheme.I have been informed that due to it being over 15 years until I can draw my pension and due to the type they cannot/will not touch it. I have made my partner the new trustee of the fund, until I am discharged. The fund is made up in the main of a propery owned. I plan to sell the property very shortly. After this I plan to transfer the net proceeds into a SIPP or alternatively buy a new premises under the SSAS scheme. I just want to know that if I transfer to the SIPP,the people who are dealing with my bankruptcy cannot get a hold of the funds?
1 L A T E S T R E P L I E S (Newest First)
Blackie
Posted - 17 January 2011 : 07:09:16 Hi Jonath119
If you have officially been told that the OR cannot touch your pension fund and it is exempt from the bankruptcy, you are at liberty to do what you wish with the pension.
