Section 266 — Pensions Act 2004: Inalienability of occupational pension

Inalienability of occupational pension 266 1 Section 91 of the Pensions Act 1995 (c. 26) (inalienability of occupational pension) is amended as follows.

2 In subsection (5) (exceptions to the rule of inalienability) at the end insert—

f subject to subsection (6), a charge or lien on, or set-off against, the person in question’s entitlement, or right, for the purpose of discharging some monetary obligation due from the person in question to the scheme arising out of a payment made in error in respect of the pension.

3 In subsection (6) (limits on the charge, lien or set-off under subsection (5)(d) or (e)) for “or (e)” substitute “ , (e) or (f) ” .