The Registered Pension Schemes and Relieved Non-UK Pension Schemes ( Enhanced Allowances Transitional Protection) (Individual Protection 2014 Notification) Regulations 2014
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
21 Jul 2014
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In force
18 Aug 2014
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 8 and 9(1) of Schedule 6 to the Finance Act 2014.
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