Pension contributions in DMP

Helpme34

Hi all

Wonder if someone can shed some light on this.

Is there a set amount you can save for a personal pension plan if you are on a DMP? We are putting aside £250 and one of the creditors are stating this is too much.

Any help would be appreciated

xylophone

http://www.debtmanagementplanforum.co.uk/pensionsandadebtmanagementplan.php

"Can you pay into a pension during a debt management plan? The answer is, where a non-mandatory workplace pension scheme is in place, creditors are unlikely to be happy with substantial pension contributions being made as this will result in a longer debt repayment term. Some debtors may agree it is a better policy to repay debts quickly in such a scenario. However, modest pension saving is unlikely to be objected to by creditors and saving anything into a pension is better than saving nothing."

It would seem that you need to reach a compromise with your creditors?