I have an IVA at the moment. I have a pension fund which I wanted to leave but am finding it difficult to manage at the moment and I am considering taking this money . How much of it do I have to pay to the IVA ?
Please speak to your IP to sort things out. You may need to do a new I&E
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi if you are struggling then something must have changed in your I&E that will need looking at.
Either get a payment holiday, get the IP to use discretion to reduce contributions or get creditors to consider reducing contributions via a variation meeting.
Cashing in your pension is a last resort and if you were to do this (I don't recommend it) then would suggest you put forward a F&F settlement variation proposal instead.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
