Finance Act 2011

4(1)Paragraph 7 (trivial commutation lump sum) is amended as follows.

(2)In sub-paragraph (4), for “1% of the standard lifetime allowance on the nominated date.” substitute “£18,000.”

(3)After that sub-paragraph insert—

(4A)The Treasury may by order substitute for the amount for the time being specified in sub-paragraph (4) such larger amount as is specified in the order.