[342A Recovery of excessive pension contributions]
Insolvency Act 1986 (1986 c 45) | Legislation

[342A  Recovery of excessive pension contributions]

[(1)     Where an individual who is [made] bankrupt—

(a)     has rights under an approved pension arrangement, or

(b)     has excluded rights under an unapproved pension arrangement,

the trustee of the bankrupt's estate may apply to the court for an order under this section.

(2)     If the court is satisfied—

(a)     that the rights under the arrangement are to any extent, and whether directly or indirectly, the fruits of relevant contributions, and

(b)     that the making of any of the relevant contributions (“the excessive contributions”) has unfairly prejudiced the individual's creditors,

the court may make such order as it thinks fit for restoring the position to what it would have been had the excessive contributions

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