Regulation 7 Schedule 6 to FA 2014

In Schedule 6 to FA 2014 (transitional provision relating to new standard lifetime allowance etc)^f1, in paragraph 1 (“individual protection 2014”)—

(a)

in sub-paragraph (2A), in the words before paragraph (a) omit “the lower of”;

(b)

in sub-paragraph (7), for “purpose of applying sub-paragraph (2)” substitute “purposes of applying sub-paragraphs (2) to (2B)”.

Annotations

f1: 2014 c. 26. Sub-paragraphs (2), (2A) and (2B) of paragraph 1 were substituted by S.I. 2024/1012. Section 44 of, and Schedule 6 to, FA 2014 make provision for a new standard lifetime allowance for the tax year 2014-15 and subsequent years.