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 can money be taken from my pension
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ness14
Junior Member



169 Posts

Posted - 29 August 2008 :  12:00:36  Show Profile  Visit ness14's Homepage  Reply with Quote
If I have deferred my pension can any money be taken from the lump sum I might receive when I take my pension

debtfreejo
Junior Member



213 Posts

Posted - 29 August 2008 :  12:13:04  Show Profile  Reply with Quote
Hi and welcome Ness,

Im not too sure on that one, when were you thinking about going BR? Have you done it yet?
Maybe one of our experts can offer more advice on that one for you.
Take care and good luck :)
Jo
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Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 29 August 2008 :  16:54:47  Show Profile  Reply with Quote
Hi ness

this is a complicated issue and the answer will depend upon what type of pension it is, how old you are and did you ( in the official receivers eyes ) try to put the pension out of reach of the OR by defering it.

really would suggest you have a chat with an expert so they can go through this for you.

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com
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Helpful Advice
Average Member



United Kingdom
646 Posts

Posted - 29 August 2008 :  17:56:17  Show Profile  Visit Helpful Advice's Homepage  Reply with Quote
Hi Ness,

If your pension is work related or Inland Revenue approved then your pension will not form part of the assets within your Bankruptcy unless the lump sum were to materialize during your term as an undischarged Bankrupt


Kind Regards,

Brett England


Bankruptcy Specialist

England,Jackman & Spacey

WebSite www.ejands.co.uk


View my personal story & blogs at:

http://brettengland.blogs.bankruptcyhelp.org.uk/
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