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Scottish Trust Deed Forum
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Topic starter
16/06/2012 6:18 pm
I am a good few years away from pension age but given that you can access personal pensions from age 55 (and in most cases access up to 25% of your fund as a tax free lump sum) how does this affect TD and bankruptcy proceedings, if at all ? I am aware that in divorce proceedings there can be an attachment to a person's future pension fund if it is not allowed for at settlement stage and just wondered how it sat with debt repayment and provision? Ta
16/06/2012 9:58 pm
Hi Buz.
In general terms pension funds aren't seen as an asset in insolvency.
Income from pensions would be taken into account and some caution prior to voluntarily taking a pension lump sum might be advisable.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
18/06/2012 1:03 pm
A trustee cannot force you to take funds from your pension early and there would be no implications for any future payout once discharged.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
