Hi will i lose my company pension if i go bankrupt i was made redundant in 2009 and have now been put of work due to deppression my iva is due to fail because i can no longer afford to pay it my only income is benefits and i have 2 daughters living with me
Hi pension due to be paid in another 13 years when i become 65. what is a hmrc pension i know when i joined the company scheme when i was 21 (so long ago) it was instead of a serps pension. regards david.
The OR told me that my Company pension was safe but that she would inform them of the bankruptcy just in case for some reason it paid out within the next year in which case the OR would take it but if not then it would be left for retirement. Hope that makes sense?
Went Br 20th July 2010...Just the OR to face now then countdown for 1 year...Or interview 30th July.
I believe that the pension is only mentioned if you can draw a lump sum out of it whilst you are bankrupt, if that is the case the OR will want a % for your creditors
The simple option is to call your HR or payrol department and ask them if you can draw a lump sum for say house repairs, if they say NO then your pension should be safe, these schemes are HMRC approved.
If you can get a lump sum then please seek guidance
Hi will i lose my company pension if i go bankrupt
Posted - 27 July 2010 : 09:15:43
