iva advice

edited 30 November -1 at 1:00AM in IVA & DRO
5 replies 1.1K views
jjm1960jjm1960 Forumite
4 Posts
edited 30 November -1 at 1:00AM in IVA & DRO
Hi folks
Im in an iva since September 2015 through money plus.
My problem is my 1995 transit van which I need for work needs to be replaced earlier than I had hoped. I have no savings and Im not sure how things work with ivas about getting a loan or finance to replace the van. I do have a frozen pension worth about £12500 which I believe I could withdraw £2500 tax free. Would this count as income for my iva or would I be allowed to do this with being in an iva? I find it all so confusing.
Thank you in advance for any replies.

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