Bankruptcy and Pensions
When bankrupt, you cannot lose your State pension. But, if you have concerns about bankruptcy and any other pensions, what happens will depend on a number of things.
- Whether you are a member of an occupational pension scheme or whether you have a personal pension.
- Any scheme rules about what happens to the pension in the event of bankruptcy
- The date at which your pension became or would become payable to you.
Whatever your situation, you must provide the Official Receiver with all the information that relates to your pension to allow them to consider whether they have an interest in this or not.
You should seek professional independent debt advice about the impact of bankruptcy on any pension that you or your spouse has an interest in.
Further information can be found in the leaflet "What will happen to my pension?" which is available from your nearest Official Receiver's office or online at:
www.insolvency.gov.uk
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