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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
Statutory Instruments
Income Tax
Made
23rd March 2020
The Treasury, in exercise of the power conferred by section 218(2D) of the Finance Act 2004(1), make the following Regulations.
1. These Regulations may be cited as the Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020.
2. The standard lifetime allowance for the tax year 2020-21 is £1,073,100.
David Rutley
Iain Stewart
Two of the Lords Commissioners of Her Majesty's Treasury
23rd March 2020
(This note is not part of the Regulations)
These Regulations set out the standard lifetime allowance for the tax year 2020-21, as is required by section 218(2D) of the Finance Act 2004.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and relates to a predetermined indexation formula.
2004 c. 12. Section 218(2) was amended by, and subsections (2A) to (2D) were inserted by, section 19(2) of the Finance Act 2016 (c. 24).