Part 1Income tax, corporation tax and capital gains tax
Pensions
20Annual allowance increased
1
In Part 4 of FA 2004 (pension schemes etc), section 228 (annual allowance) is amended as follows.
2
For subsection (1) substitute—
1
The annual allowance for the tax year 2023-24 and, subject to subsection (2), each subsequent tax year is £60,000.
3
In subsection (2) for “2014-15” substitute “2023-24”
.