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Lump Sum
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kemimath
Posts: 5 Forumite

Hi, looking for some advice.
I have a very small pension pot worth less than £2,000 as a lump sum when I turn 55 in a couple of months and was thinking of simply cashing it in as I already have two decent Occ pots.
My question is, I was made bankrupt in early 2000s, being discharged in 2007, so there is nothing on my credit file. Can the administrator still take any cash I claim even after all this time? I know people lost out with PPI because of a previous bankruptcy or sequestration.
BTW I was made bankrupt in Scotland if that makes any difference.
Cheers
I have a very small pension pot worth less than £2,000 as a lump sum when I turn 55 in a couple of months and was thinking of simply cashing it in as I already have two decent Occ pots.
My question is, I was made bankrupt in early 2000s, being discharged in 2007, so there is nothing on my credit file. Can the administrator still take any cash I claim even after all this time? I know people lost out with PPI because of a previous bankruptcy or sequestration.
BTW I was made bankrupt in Scotland if that makes any difference.
Cheers
0
Comments
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According to this link, only new money that comes to you within 4 years from the start of your bankruptcy can be claimed:
https://www.citizensadvice.org.uk/scotland/debt-and-money/help-with-debt/what-options-are-there-for-dealing-with-debt/bankruptcy-in-scotland/
The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0 -
Thanks tacpot12, I'll check out the link0
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