| T O P I C R E V I E W |
| andreamc |
Posted - 17 December 2009 : 20:29:12
can i ask if you go bankrupt and you have a works pension and only 45 at the moment so not recieving it yet can they take it off you at a later stage |
| 5 L A T E S T R E P L I E S (Newest First) |
| Housing |
Posted - 17 December 2009 : 22:16:33
Hi,
I agree with Skippy and debtinfo - my three pensions are safe
DO seek advice as necessary - I am sure some of the other experts will come along.
regards, Richard
"There are no problems - only solutions..." |
| debtinfo |
Posted - 17 December 2009 : 21:11:25
The main thing to look for is if the pension fund is HMRC approved, If it is, it is exempt from the bankruptcy |
| Richard P |
Posted - 17 December 2009 : 20:51:03
Hi Andrea
Let me re phrase my last.
A normal company pension that the benefits can only be drawn down on achievement of an age (65) is to the best of my knowledge safe
however an additional pension savings scheme or private pension scheme is very vulnerable as it is considered to be like an endowment.
the question to ask your employer is can you as an individual access that pension pot to say purchase a property or car , if the answer is YES so can the OR access the policy
regards Richard |
| Skippy |
Posted - 17 December 2009 : 20:43:33
As far as I'm aware if it's a government approved pension and you're not receiving payments from it then it will be safe.
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
29 IPA payments made, 7 to go - in single figures! |
| Richard P |
Posted - 17 December 2009 : 20:39:38
Hi Andrea
certain types of pension they can take the profits
ask the question direct to your employers HR team
as obviously this will make a difference to when you declare BR
regards Richard |
