SCHEDULES
SCHEDULE 18Lifetime allowance charge
Part 1Amendments
6
1
Paragraph 20 (trivial commutation lump sum death benefit) is amended as follows.
2
In sub-paragraph (2), for “1% of the standard lifetime allowance on the date the lump sum is paid,” substitute “
£18,000,
”
.
3
After that sub-paragraph insert—
3
The Treasury may by order substitute for the amount for the time being specified in sub-paragraph (2) such larger amount as is specified in the order.