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DRO - Pension

Hi
I was going to try and apply for a DRO again (couldnt before as debts went over £15000 and i had a pension) as i thought come april pensions were not going to be included as an asset. As im only 27 and have £1700 in a pensionj ive not paid into for 4 years as im not working and cant afford payments.
Looked on insolvency website and it still says no assets over £300?? Is this assets in general or are they still counting pensions?
I got my paperwork from CCCS but i dont want to sign the page saying i have no assets as it also says im declaring i have no pension but i do.
Any one clarify this for me please?
Mum of 2 Under 5s
Now working woop woop.:D DIY store - Loving it!
In Debt:( Just under £16,000 CCCS recommended Bankruptcy...On token payments for now.

PPI Reclaimed LLoyds TSB 19/09/12 £1915.96

Comments

  • Penelope_Penguin
    Penelope_Penguin Posts: 17,216 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker I've been Money Tipped!
    The rules changed in April this year, and pensions are no longer counted as an asset :)
    :rudolf: Sheep, pigs, hens and bees on our Teesdale smallholding :rudolf:
  • skintmumof2
    skintmumof2 Posts: 122 Forumite
    Thank you very much
    Mum of 2 Under 5s
    Now working woop woop.:D DIY store - Loving it!
    In Debt:( Just under £16,000 CCCS recommended Bankruptcy...On token payments for now.

    PPI Reclaimed LLoyds TSB 19/09/12 £1915.96
  • debt_doctor
    debt_doctor Posts: 4,595 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi,

    As already said, pensions no longer count as can asset, but you need to provide pension details as there is a drop down box within the application that asks for it. I think it is company and policy number that you need.

    DD
    Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
    Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
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