I have recently been made bankrupt (May 2009). I have had my OR interview and now await the outcome of the potential IPA that may be applied to my earnings.
Irrespective of the outcome of this, am I now allowed to start a pension with the new company that I work for?
I have always relied on my property investments to be my “pension” for the future, but as they are now gone – I need to consider alternatives.
The company based pension would require me to make minimum payments of £5 per week which would be doubled by my employer. Would this be allowed though?