Pensions - Good news for bankrupts

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  • Hi
    My bankruptcy was In April 2000, I had 4 pension funds on the go at the time of my bankruptcy, which all have charges against them.

    The main pension is valued at approx £25k, which I started around 1985 and contracted out of SERPS which was payed into this fund.

    Question is and forgive me for sounding a bit dumb ( I find this all confusing) does the statement below taken from the Insolvency agency page, mean they do not have a claim on this pension??

    "From the date of the bankruptcy order all rights and benefits (except rights arising where the policy was used to contract out of SERPS) vest in (transfer to) the bankruptcy estate. This means that your trustee in bankruptcy has the same rights under the policy as you did before becoming bankrupt. So the trustee in bankruptcy cannot claim the pension benefits until you reach the earliest retirement age allowed by the policy (for example, your 50th birthday)."
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