Is my husbands pension lump sum classed as a windfall ?

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Louise.40

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Post by Louise.40 » Fri Feb 22, 2013 4:20 pm
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we are in an iva my husband has been pensioned off from the NHS due to ill health and we will receive a lump sum as his pension is this classed as a windfall?
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luluj

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Post by luluj » Fri Feb 22, 2013 5:18 pm
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Welcome to the forum. You will need to advise your IP of this change in your circumstances and seek their advice as to how much or if any needs to be entered into the IVA for the benefit of your creditors.

Let us know how you get on.
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sponge

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Post by sponge » Fri Feb 22, 2013 5:36 pm
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Please check the wording of your proposal, most exclude pension monies. You may be able to defer the drawdown till a later, but get advice first, from your employer or an IFA maybe
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TheArtist

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Post by TheArtist » Fri Feb 22, 2013 5:55 pm
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Louise, I was in the same position and had to pass over £30k. It was classed as a windfall. Please seek advice from a serious expert in this field.
Completed IVA - August 2012 pheeeeeeeeeew
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