Speak to your ip. Mine was left out of the IVA, I got to continue paying into it and my contributions are locked in so there is no danger of a windfall needing to be paid. I think it's different f
"Just when you think that you can make ends meet, somebody moves the ends."
Are you enquiring as to whether you will be allowed to continue to contribute towards it? If so I think it depends upon the amount you have to pay.
If you are likely to receive a lump sum before the IVA is ended you may well end up having to pay some or all of this across.
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
It is usual that you will be allowed to continue paying into your occupational pension, but only at the minimum allowable rate, i.e. no paying AVCs or anything to top it up.
Otherwise known as "Tom". [:)] IVA proposal currently being drafted by Liberta Financial.
I pay 6.8% towards mine (and that will probably rise next year) and had no problems continuing with it.
That may also have something to with my age though as I am getting very close to being able to retire.
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
Are you worried about your monthly pension payments been taken into account when calculating your disposable income, or whether you will be able to continue making payments into the pension from your salary?
Hi I have wondered the same I pay £85 a month into mine but its the only pension my husband and I have between us can't afford. For him to do one to. We went with mine as I have a death in service clause in mine so really don't want to lose that. As my kids are the nominated people to get the lump sum and given our situation if anything happened to me that's all they would get?
I was allowed to keep my final salary company pension going in the IVA, and continued payments at 3% of salary. It had been going for 6 years prior to the IVA though.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
I pay over £200 a month into mine a monith and this was never questioned.
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
