Army Pension / bankruptcy 10 December 2020 at 8:07PM in Bankruptcy & living with it 5 replies 461 views

Morfx

Evening, 
  I can't seem to find any details on this.. can anybody help?

I served in the forces for 10 years and when I left my pension would be worth around £300 monthly from when I'm 65..

Do I also lose this within BR?

MissFlossy222

Are you getting any pension payments now?

sourcrates

Pensions are safe in bankruptcy unless you are eligible to claim that pension at the time you go bankrupt.

Morfx

No payments being received at the moment, I've another 15 years before I can claim it.. 

Was just wondering if they are protected from BR..?

MissFlossy222

As Sourcrates said, your pension will be protected.
If you were receiving payments from it now (or were eligible to do so) then they would regard it as income.

JCS1

It needs to be an HMRC approved pension scheme, and Armed Forces one will be