www.iva.co.uk

I have a pension question and wondered if anyone could share experience.
I change jobs in April and my pension contributions from my pay and employer will stop.
Can I set up a new pension and pay same amount as used to be deducted into it ?
Can I or will I be expected to; pay usual pension contribution into IVA ?
Does accured pension fund have to be paid into the IVA - is it a windfall?
My monthly pay will increase by the amount of the pension contribution and this will reflect on the new payslips will this lead to increase in IVA contribution.
sorry lots of questions but I want to get some answers before I talk to my account manager.......again.
Thanks in anticipation

Hi Shell,

I would certainly think you can set up a new pension / continue your existing one with your new employer.

If for any reason you didn't then any monies not being used into the pension would be paid into the IVA.

xx

Hi
You will need to ask your IP permission to pay into a new private scheme and any refund from your old scheme may be seen as a windfall.
Regards

I wouldn't have thought it would be a problem if you are already paying into a pension, it's not as though it's a new expense.

Does your new employer also operate a pension scheme? If so it will be perfectly acceptable for you to join that scheme, and if not it would be equitable for you to be allowed to set up a personal pension.