# The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015, Regulation 40: Compensation not assignable

Extent: E+W

(1) Any assignment of, or charge on, or agreement to assign or charge, any compensation payable under these Regulations is void.
(2) On the bankruptcy of a person eligible for such compensation no part of the compensation is to pass to any trustee or other person acting on behalf of the creditors except in accordance with an income payments order made by a court under section 310 of the Insolvency Act 1986.

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Source: https://www.legislation.gov.uk/uksi/2015/601/regulation/40 (the official version)
Page: https://openlegislation.uk/teachers-compensation-for-redundancy-and-premature-retirement-regulations-2015/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.