273(1)  This section applies to recoverable property consisting of rights under a pension scheme.

273(2)  A recovery order in respect of the property must, instead of vesting the property in the trustee for civil recovery, require the trustees or managers of the pension scheme–

(a)to pay to the trustee for civil recovery within a prescribed period an amount determined by the trustees or managers to be equal to the value of the rights, and

(b)to give effect to any other provision made by virtue of this section and the two following sections in respect of the scheme.

This subsection is subject to sections 276 to 278.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.