Section 155A No forfeiture on bankruptcy of rights under personal pension schemes.F1

Northern Ireland

(1)

A person’s rights under a personal pension scheme cannot be forfeited by reference to his bankruptcy.

(2)

For the purposes of this section—

(a)

a person shall be treated as having a right under a personal pension scheme where—

(i)

he is entitled to a credit under Article 26(1)(b) of the Welfare Reform and Pensions (Northern Ireland) Order 1999 (sharing of rights on divorce etc. F2or on dissolution etc. of a civil partnership ),

(ii)

he is so entitled as against the person responsible for the scheme (within the meaning of Chapter I of Part V of that Order), and

(iii)

the person so responsible has not discharged his liability in respect of the credit; and

(b)

forfeiture shall be taken to include any manner of deprivation or suspension.

Annotations

Textual amendments

F1: S. 155A inserted (1.12.1999 for certain purposes and otherwiseprosp.) by S.I. 1999/3147 (N.I. 11), arts. 1(5)(a), 14(1) (with transitional provisions in art. 75(1))
F2: Words in s. 155A(2)(a)(i) inserted (5.12.2005) by The Civil Partnership (Pensions and Benefit Payments) (Consequential, etc. Provisions) Order (Northern Ireland) 2005 (S.R. 2005/434), art. 1(3), Sch. para. 18