SCHEDULES
SCHEDULE 18Lifetime allowance charge
Part 1Amendments
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.