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SCHEDULES

SCHEDULE 1Amendments consequential on Part II

The Insolvency (Northern Ireland) Order 1989 (NI 19)

11.  In Article 283 of the Insolvency (Northern Ireland) Order 1989 (income payments orders)—

(a)in paragraph (2), after “income of the bankrupt” insert “when taken together with payments to which paragraph (8) applies”, and

(b)at the end of paragraph (7), add—

and any payment under a pension scheme but excluding any payment to which paragraph (8) applies.

(8) This paragraph applies to—

(a)payments by way of guaranteed minimum pension; and

(b)payments giving effect to the bankrupt’s protected rights as a member of a pension scheme.

(9) In this Article “guaranteed minimum pension” and “protected rights” have the same meaning as in the Pension Schemes (Northern Ireland) Act 1993..