Part 4Savings and investment income
Chapter 9Gains from contracts for life insurance etc.
When chargeable events occur: general
487Disregard of certain assignments
For the purposes of this Chapter, an assignment of rights under a policy or contract or a share in such rights is ignored if it is—
(a)
by way of security for a debt,
(b)
on the discharge of a debt secured by the rights or share, or
(c)
between spouses F1or civil partners living together.