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what happens to my pension?
SallyPop
Posts: 9 Forumite
I had to declare a pension from a job I had years ago. I don't retire for another 15 years. How will I know if I will receive this pension, or whether it's gone to the Receiver?
Many thanks xx
Many thanks xx
0
Comments
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Unless you are at an age where you can legally access your pension, normally 55, then the OR cannot touch it, and it is disregarded for income purposes.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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The rules changed a few years ago - if the pension scheme is an Gov approved one (and almost all are) then they are no longer included as assets in BR.
If you were actually drawing your pension, then that is classed as income for an IPA assessment.0
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