OpenLegislation

The Finance Act 2004 (Standard Lifetime Allowance) Regulations 2019

S.I. 2019/29 · Made 10 January 2019

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Income Tax

Made 10th January 2019

The Treasury, in exercise of the power 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) was amended by, and subsections (2A) to (2D) of section 218 were inserted by, section 19(2) of the Finance Act 2016 (c. 24).

Contents

  1. 1Citation
  2. 2Standard Lifetime Allowance for the tax year 2019-20
  3. Signature
  4. Explanatory note

1Citation

These Regulations may be cited as the Finance Act 2004 (Standard Lifetime Allowance) Regulations 2019.

2Standard Lifetime Allowance for the tax year 2019-20

The standard lifetime allowance for the tax year 2019-20 is £1,055,000.

Signature

Jeremy Quin

Rebecca Harris

Two of the Lords Commissioners of Her Majesty’s Treasury

10th January 2019

Explanatory note

(This note is not part of the regulation)

These Regulations set out the standard lifetime allowance for the tax year 2019-20, 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.