Regulation 53 Non-assignabilityI1
England, Wales and Scotland Not yet in force
Every benefit to which a person is entitled under the Scheme is payable to or in trust for him.
No such benefit is assignable or chargeable with his or any other person’s debts or other liabilities.
On the bankruptcy of a person entitled to a benefit under the Scheme no part of the benefit passes to any trustee or other person acting on behalf of the creditors, except in accordance with an income payments order under section 310 or 310A of the Insolvency Act 1986f1.
Annotations
Commencement
- I1
Reg. 53 in force at 1.4.2008, see reg. 1(1)
Footnotes
- f1
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1986 c.45; section 310 was amended by the Pensions Act 1995 (c. 26), section 122, the Welfare Reform and Pensions Act 1999 (c.30), section 18 and the Enterprise Act 2002 (c. 40), section 259 and section 310A was inserted by the Enterprise Act 2002, section 260.