A Fin24 reader who is under debt review and about to resign wants to know what they should do with their pension payout.
I’m planning on resigning as a government employee after 20 years of service. I expect a pension payout of R900 000. I’m under debt review, and I owe creditors R280 000. I plan on pursuing real estate entrepreneurship. I’m aware that when I resign, I will have no source of income. What should I do about my debt, and where do I start to pursue my dream?