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 bankruptcy postbag for august
 pension query
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jenny
Junior Member



United Kingdom
189 Posts

Posted - 06 August 2008 :  17:34:05  Show Profile  Reply with Quote
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

John
New Member



United Kingdom
73 Posts

Posted - 06 August 2008 :  22:22:43  Show Profile  Reply with Quote
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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BankruptC
Senior Member



1030 Posts

Posted - 06 August 2008 :  22:25:26  Show Profile  Reply with Quote
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
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John
New Member



United Kingdom
73 Posts

Posted - 06 August 2008 :  22:38:29  Show Profile  Reply with Quote
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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