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The Finance Act 2004 (Standard Lifetime Allowance) Regulations 2018

S.I. 2018/206 · Made 20 February 2018

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Income Tax

Made 20th February 2018

The Treasury, in exercise of the powers conferred by section 218(2D) of the Finance Act 2004f1, make the following Regulations.

Annotations to the whole text

Footnotes

f1

2004 c. 12. Section 218(2) and (3) was amended by, and subsection (2D) was inserted by, section 19(2) of the Finance Act 2016 (c. 24).

Contents

  1. 1Citation
  2. 2Standard Lifetime Allowance for the tax year 2018-19
  3. Signature
  4. Explanatory note

1Citation

These Regulations may be cited as the Finance Act 2004 (Standard Lifetime Allowance) Regulations 2018.

2Standard Lifetime Allowance for the tax year 2018-19

The standard lifetime allowance for the tax year 2018-19 is £1,030,000.

Signature

Paul Maynard

Andrew Stephenson

Two of the Lords Commissioners of Her Majesty’s Treasury

20th February 2018

Explanatory note

(This note is not part of the Regulations)

These Regulations set the standard lifetime allowance for the tax year 2018-19, as is required by section 218(2D) of the Finance Act 2004.

A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and relates to a predetermined indexation formula.