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Scottish Trust Deed Forum
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Topic starter
03/07/2012 9:10 pm
I have the possibility of receiving a one of payment from a pension fund, if I choose to take this money will I have to give it over to the trust deed? I have had my PTD for 2 years and have another 27 months until I have finished payments
03/07/2012 9:52 pm
Hi Ronnie
It could be looked on as income and therefore your trustee could claim an interest.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
03/07/2012 10:00 pm
Thanks Mark for your reply. If I contacted my trustee and made him aware of this situation could he insist that I take this payment?
03/07/2012 10:09 pm
Hi Ronnie
Complex area, but I suspect no as pensions are exempt. I don't see how a trustee could argue to cash this or the requirement to notify your trustee. Although as a provision, I may receive the cut and pasted law on pensions to dispute this!
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
