www.iva.co.uk

Hi all.

Quick question. My daughter has an insurance policy that was taken out by her Gran when she was born. It matures on her 15th birthday in August and is going to be around £2000. My question is, as we are just starting the IVA process, is this money safe, as it is my daughter's? I would hate for her to lose this money because of our situation. It would go into her own account and be nothing to do with us, but is it classed as money coming into the household?
Thanks.

Hi
I had the same question when I was going through the IVA process I had 2 policies for my 2 daughters to mature when they were 18. But I was allowed to keep them and let them have their own money
hope this helps
carol
x

Your daughter's money is safe Davram.

Thanks Melanie & Carol.

Very relieved.