- Mon Jun 10, 2013 10:04 am
Providing it is a HMRC recognised pension, which nearly all are nowadays, and you haven't been putting large additional voluntary contributions into it, then nothing at all. As since 1996 the Official Receiver has not been allowed to touch them.
But a couple of things to be aware of
If you enter into bankruptcy, any basic payments you make towards the pension are fully allowed in your Income and Expenses, so going bankrupt doesn't stop you having or accruing a recognised pension.
If you leave your current employer and move to another, then the pension is still safe, the OR cannot touch it
If you retire and draw on the pension (even if you draw on it before retirement, which some people choose to do) then that is classed as income, and will be used in the Income/Expenses calculations to see if you are to have an IPA/IPO.
If you retire or opt to release funds (under any form of equity release scheme) this will be classed a a windfall, so the OR will want all or most of that windfall.
Other than that, that's it.