Section 48: Lifetime allowance charge: new standard lifetime allowance for the tax year 2014-15 and subsequent tax years

Finance Act 2013 · 2013 c. 29View on legislation.gov.uk

Part 1: Income Tax, Corporation Tax and Capital Gains Tax — CHAPTER 4: Pensions

Section 218 of FA 2004 (standard lifetime allowance etc) is amended as follows.

For subsection (2) substitute—

In subsection (3) for "the tax year 2012-13" substitute ." the tax year 2014-15 "

The amendments made by subsections (2) and (3) have effect for the tax year 2014-15 and subsequent tax years.

Schedule 22 contains transitional provision etc.

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