UK: Pensions In Bankruptcy: The Ongoing Impact Of The Cases Of Raithatha And Horton In Light Of The 2014 Budget
In March 2014 the Chancellor announced that from April 2015 individuals of the minimum pensionable age will be able to gain access to the full amount of their pension fund by way of a lump sum payment. This has potentially opened the door to Trustees in Bankruptcy (“Trustee”) being able to access the entirety of these funds, extending further the loophole following the decision of Raithatha -v- Williamson [2012] 1 W.L.R. 3559 (“Raithatha”), although […]