hi, i pay into a life insurance policy for my childrem, the policy is in their name, they are 12 & 13 they get around £2000 when they are 21, will the OR take this policy as it could be cashed in,
and f they dont will they still allow me to pay into it
As this policy is in your childrens names then the OR would not have any interest in these funds. Continuting payments would have to be funded out of any surplus as it would not be an allowable expense.
childrens policy
Posted - 11 February 2009 : 17:59:24
