The Registered Pension Schemes and Relieved Non-UK Pension Schemes ( Enhanced Allowances Transitional Protection) (Notification) Regulations 2013
Sections 214 to 226 of the Finance Act 2004 (c. 12) provide for the application of the lifetime allowance charge. Section 48 of the Finance Act 2013 (c. 29) has reduced the level of the lifetime allowance, which applies to determine whether the lifetime allowance charge is applicable, to £1,250,000 from tax year 2014-15 onwards.
Lifecycle
Department
Made
19 Jul 2013
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In force
12 Aug 2013
Enabling power
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 251(1) of the Finance Act 2004and now exercisable by them, and paragraphs 3 and 4(1) of Schedule 22 to the Finance Act 2013.
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