Part 4U.K.Pension schemes etc

Chapter 5U.K.Registered pension schemes: tax charges

Annual allowance chargeU.K.

228Annual allowanceU.K.

(1)The annual allowance for the tax year 2006-07 is £215,000.

(2)The annual allowance for each subsequent tax year is such amount, not being less than the annual allowance for the immediately preceding tax year, as is specified by order made by the Treasury.

Commencement Information

I1Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284