| Commentary

171 Trustee’s ability to claim pensions

| Commentary

171 Trustee’s ability to claim pensions

Before the coming into force of the Welfare Reform and Pensions Act 1999 on 29 May 2000, the bankrupt’s interest in any personal pensions, whether retirement annuity contracts or personal pension schemes, was property which formed part of the bankrupt’s estate1. Where a bankruptcy order is made on a petition or a bankruptcy application presented on or after 29 May 2000, the effect of the 1999 Act is to exclude any rights of the bankrupt under an ‘approved pension arrangement’ from his estate2. An ‘approved pension arrangement’ is a pension scheme registered under the

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