# The Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations set out the standard lifetime allowance for the tax year 2020-21, 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.

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Source: https://www.legislation.gov.uk/uksi/2020/342/note (the official version)
Page: https://openlegislation.uk/finance-act-2004-standard-lifetime-allowance-regulations-2020/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.