Oh and money from pensions cannot be grabbed by creditors until you are claiming it that is. This is one reason to have a pension.
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How far will HMRC pursue the debt if you don't pay an APN?
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Originally posted by HMRC made Atlas Shrug View PostIf you have any assets HMRC will ask (tell ?) you to sell it, including your house. I'm not sure if this include pensions.
So if you are under 49 best thing to do is go bankrupt that way they can never get hands on any of your pension money.
Not sure what happens now if you are older due to the pension freedoms but I guess if you are older but over 6 years away from state pension age, it is probably still worth going bankrupt, refusing to retire and to avoid taking any sums out of your pension."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostOh and money from pensions cannot be grabbed by creditors until you are claiming it that is. This is one reason to have a pension.Comment
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Originally posted by BrilloPad View PostSo far. There have been suggestions the rules will change. HMRC can do what they want, when they want to...."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostYep - see post above about pension freedoms.Comment
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Originally posted by jbryce View PostSorry. Wrong. If you are married you are jointly liable for any tax liability. That is all the equity where applicable.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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ooops
Originally posted by regron View PostSorry, disagree and have been told this by a BR/IVA specialist. They cannot touch your other halves (married) equity in the house (assuming it is a joint mortgage). It is a personal tax liability at the end of the day.
Divorce: Both my lawyer and my ex's lawyer and the lawyer-mediator all have agreed that as we are married we are jointly-liable for the tax. So, for example, if HMRC is owed 200K and the equity in the joint property is 200K then HMRC expect you to sell the property. It's a joint liability.
BR/IVA:No idea.....Comment
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I'll rephrase my question
Does anyone know anyone who received APNs a year or more ago and didn't pay them?
How far did HMRC go to try and recover the debt?
Feel free to PM me if you don't want to post this info on a public forum.Comment
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Originally posted by ns1 View PostDoes anyone know anyone who received APNs a year or more ago and didn't pay them?
How far did HMRC go to try and recover the debt?
Feel free to PM me if you don't want to post this info on a public forum.
What is happening to us is extortion.Comment
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