How is a pension treated in the event of a bankruptcy?

Martin Jones breaks down how pensions are dealt with if the worst comes to the worst

clock • 3 min read
How is a pension treated in the event of a bankruptcy?

Under current insolvency legislation, workplace and personal pensions are excluded from a bankrupt estate and cannot be claimed by a Trustee in Bankruptcy (TIB).

This is on the proviso that the pension scheme is registered with HM Revenue & Customs (the vast majority of pension schemes are), with the state pension also being exempt. Therefore, a TIB cann...

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