Part XI General and Miscellaneous Provisions
Avoidance of certain transactions and provisions
F1155A No forfeiture on bankruptcy of rights under personal pension schemes.
(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.