393. Property exempt from vesting in trustee.

Certain allowances, pensions and other statutory benefits are expressly declared by the statutes creating them1 to be inalienable and to be incapable of vesting in the trustee in bankruptcy or other representative of the creditors of the person to whom the payment is to be made2.

Where a bankruptcy order is made against a person on a bankruptcy application made or petition presented on or after 29 May 2000, any rights he has under an approved pension arrangement are excluded from his estate

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