Pension when Bankrupt

[newborn]

If you are declared Bankrupt either in Ireland or the UK what happens to a pension entitlement that doesn't start for say another 25 years?

Presumably the assignee would seek to contact the scheme determine the value of the pot today (some form of NPV analysis) and liquidate it today?

 

[callaghanj]

In the Uk a pension is safe from creditors unless a lump sum can be drawn down during the 12 months of the bky. Also if a monthly pension can be drawn the income can be assessed for a monthly payments order. Otherwise the pension pot is excluded.