I understand that the Court cannot seize assets in a pension fund. Is that still the case if the fund is a SSAS (small self administered scheme). if this isn't the case and you are retired, can the Court force you to take an income or a lump sum payment to pay off your debts?
As long as it's an Inland Revenue approved pension and you are over 3 years from retirement, your pension will remain untouched. However, you will not be allowed to make any AVCs whilst undischarged.
Julian Donnelly Spokesperson for www.Bankruptcyhelp.org.uk Don't forget the helpline on 0800 078 9367
Thanks. What happens if you are about to retire or retired? Can they then force you to take a lump sum or an income to pay off debts or worse still, seize the assets in the fund?
I understand that the Court cannot seize assets
Posted - 09 December 2008 : 18:44:25
