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 told my pension cant be touched by or if i go br,		  New Topic  Reply to Topic
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m88
Junior Member



159 Posts
Posted - 15 June 2009 :  19:01:30  Show Profile  Visit m88's Homepage  Reply with Quote
told my pension cant be touched by or if i go br,what happens if i dont go br,will my lumpsum be up for grabs

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 15 June 2009 :  19:20:50  Show Profile  Reply with Quote
Your normal pension will be taken into consideration for an IPA, and I would have thought that a lump sum would be taken by the OR for the creditors.

However, I'm not 100% on that so hopefully someone more in the know will be along to answer.

The glimmer gets brighter all the time

Jan
xx
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xmas baby
Average Member



537 Posts
Posted - 16 June 2009 :  13:42:30  Show Profile  Reply with Quote
Hi m88,

My pension is inland revenue approved, and I was told this would be 'safe' in bankruptcy and they would not be able to touch it. Not sure about other works' pensions though. I would think private pensions might be a target though.

xmas baby
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jelojo
New Member



United Kingdom
71 Posts
Posted - 16 June 2009 :  18:31:46  Show Profile  Reply with Quote
hiya

I was told by OR they would not be interested in my Pension unless i was going to cash it in, which is very unlikely as i am only 25.
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Niobe
Administrator



United Kingdom
4590 Posts
Posted - 16 June 2009 :  18:36:01  Show Profile  Reply with Quote
I should have said - if you take it during your BR period!

If you are due to retire before you were discharged, then it probably would be at risk - otherwise, it will be ok.

The glimmer gets brighter all the time

Jan
xx
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