| T O P I C R E V I E W |
| m88 |
Posted - 22 January 2009 : 22:57:17
questions 1 -is my pension safe if i go bankrupt -pension not linked to bussiness that as failed---------------------------------------------------------------------2 can i access my lump sum and pension after the OR as anulled my BR (will my money be safe ----------------------------------------------------------3 i promised to pay any redundancy payment (if i got it) to some one i still owe money to (its in writing) would this agreement still stand if i got voluntary redundancy after BR annulled thanks.(sorry if its a bit confusing) |
| 4 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 23 January 2009 : 12:37:47
Hi M88,
The only time your pension would be looked at in BR is if you were within 3 years of retirement when you go BR.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| John |
Posted - 23 January 2009 : 09:13:48
Hi
after discharge all pension lump sum payments and redundancy payments are safe. If either are received whilst bankrupt they are not.
During bankruptcy the OR will check the pension fund to see if it is claimable, as in my previous post, if it is inland revenue approved it is safe.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
| m88 |
Posted - 23 January 2009 : 06:55:16
thankyou john,still slightly unclear if i volunteer fot redundancy after discharge is my pension and lump sum safe,and the agreement to pay my redundancy lump sum is it null and void if i take redundancy after discharge sometime in the future -sorry to be a pain -cheers
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| John |
Posted - 22 January 2009 : 23:10:04
Hi
1) if the pension is inland revenue approved then it is safe.
2) You will be discharged from bankruptcy after 12 months (there is no annulment unles you pay all your debts in full). If the pension and lump sum are due after discharge they are safe.
3) All debts must be included in bankruptcy, irrespective of your signed agreement.
If you are made redundant whilst bankrupt the redundancy payment would go to the Official Receiver.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
