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Posted: Tue Mar 29, 2016 8:31 pm
by Carole.14
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 ?
Posted: Tue Mar 29, 2016 8:40 pm
by rogwal
Do not pay a thing from pension, if you are struggling go back to you practitioner and inform them, or get a payment holiday
Posted: Tue Mar 29, 2016 8:50 pm
by kallis3
Hi and welcome,
Please speak to your IP to sort things out. You may need to do a new I&E
Posted: Wed Mar 30, 2016 11:40 am
by Lisa Thomas
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.
Posted: Wed Mar 30, 2016 11:45 am
by kallis3