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Will they take my Pension?
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Thank goodness for scarlett:smileyhea You saved me:D Thank youFree impartial debt advice available from: National Debtline - Tel: 0808 808 4000 | The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 | Find your local Citizens Advice Bureau
Laugh at yourself and others laugh with you.Laugh at others and you laugh alone. BSC No 107:D0 -
The full document is here if you fancy a bit of <ahem> light reading:
http://www.insolvency.gov.uk/guidanceleaflets/pension/pension.htm
You can't control everything in life....... your hair was put on your head to remind you of that
Proud to be BSC no. 1030 -
:A :A You are a star!!0
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HMRC approved pension schemes are exempt, BUT, if the OR discovers high value contributions have been made (usually as AVC's) and suspect that they have been a way of diverting money away from creditors, then they can - and it is rare - go after a portion of a pension fund.0
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HMRC approved pension schemes are exempt, BUT, if the OR discovers high value contributions have been made (usually as AVC's) and suspect that they have been a way of diverting money away from creditors, then they can - and it is rare - go after a portion of a pension fund.
No high value contributions here so hopefully I'm safe. My company pay in 3 times what I pay in and I've worked there 10 years so I think that's why the value is so much.....
MC0 -
Hi MamaC,
Superb advice you've had there, and spot on quoting by Scarlett. It's the timing and nature of pension contributions that's critical.
We put the odd house and classic car into our pension fund, but it didn't really raise any eyebrows in terms of what we were earning at the time.:rolleyes: :rolleyes:
All the best for Friday, if I don't get on line before then, which I probably won't; oh the joys of gainful employment.
Regards
Rich0 -
mine is in the 250000 mark she said i could keep that.0
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