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.