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.