10(1)Paragraph 28(3) is amended as follows.U.K.
(2)In the sub-paragraphs (6A) and (7) treated as substituted—
(a)in the formula, for “CSLA” substitute “ ULA ”, and
(b)for the definition of CSLA substitute— “ ULA is the underpinned lifetime allowance, and ”.
(3)After the sub-paragraph (7) treated as substituted insert—
“(7A)The underpinned lifetime allowance” is the greater of the current standard lifetime allowance and £1,800,000 (the standard lifetime allowance for the tax year 2011-12).”