Hi everyone
I'm new here and looking for some advise.
I'll try to keep it short and to the point.
I've been through insolvency and was discharged a couple of years ago.
I had a debt write down on buy to lets from 2007 and my family home which I couldn't keep up repayments on.
Personal insolvency saved my family home. I'm happily paying my mortgage for the next 15 years.
My wife was clearing out the attic recently and found a pension document from a policy I had during a failed company venture in the 90's.
We moved house in 2002 and I didn't tell them so that was the end of any correspondence.
Turns out there's 50k in it but no contributions since the late 90's.
It wasn't included in my PIA. I can access it at 55.
What's the right thing to do here?.
Call my pip and be honest with him?. What's the likely outcome here?.
If I cashed it in and paid the tax and paid the remainder as a lump sum off the mortgage, would this raise a red flag with the bank?. What's the likely outcome here?
Or should I just forget about it for another 5 years as I'm discharged 2/3 years ago and it's unlikely anyone will know I had access to it at 55?.
Thanks for any advice here.
I'm new here and looking for some advise.
I'll try to keep it short and to the point.
I've been through insolvency and was discharged a couple of years ago.
I had a debt write down on buy to lets from 2007 and my family home which I couldn't keep up repayments on.
Personal insolvency saved my family home. I'm happily paying my mortgage for the next 15 years.
My wife was clearing out the attic recently and found a pension document from a policy I had during a failed company venture in the 90's.
We moved house in 2002 and I didn't tell them so that was the end of any correspondence.
Turns out there's 50k in it but no contributions since the late 90's.
It wasn't included in my PIA. I can access it at 55.
What's the right thing to do here?.
Call my pip and be honest with him?. What's the likely outcome here?.
If I cashed it in and paid the tax and paid the remainder as a lump sum off the mortgage, would this raise a red flag with the bank?. What's the likely outcome here?
Or should I just forget about it for another 5 years as I'm discharged 2/3 years ago and it's unlikely anyone will know I had access to it at 55?.
Thanks for any advice here.