I asked a qustion in respect of my approved occupational pension that was in payment at the tiem of the bankruptcy. John relied to state that the pensin was exempt and that the trustee could claim the lump sum in respect of an IPA or IPO. How does the trustee work out the incoem from the lump sum so that it is sued towards an IPa or IPO? Or is he able to just claim the capital lump sum in its entireity.
If your pension is paid to you prior to discharge, the OR can claim the full lump sum payment and assess you for an IPO/IPA on the basis of ongoing pension receipts in terms of income.
approved occupational pension
Posted - 09 March 2009 : 09:46:56
