Pensions Act 1995 (c. 26)

SCHEDULES

SCHEDULE 3 U.K. Amendments consequential on Part I

Extent Information

E1 The amendment by this Act of an enactment which extends to Northern Ireland extends also to Northern Ireland see s.178(1)(2)(3).

The Insolvency Act 1986 (c.45) E+W

15 E+W In section 310 of the Insolvency Act 1986 (income payments orders)—

(a) in subsection (2), after “income of the bankrupt” there is inserted “ when taken together with any payments to which subsection (8) applies ”, and

(b) at the end of subsection (7), there is added— “and any payment under a pension scheme but excluding any payment to which subsection (8) applies.

(8) This subsection applies to—

(a) payments by way of guaranteed minimum pension; and

(b) payments giving effect to the bankrupt’s protected rights as a member of a pension scheme.

(9) In this section, “guaranteed minimum pension” and “protected rights” have the same meaning as in the Pension Schemes Act 1993.”

Commencement Information

I1 Sch. 3 para. 15 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3