{
  "url": "https://openlegislation.uk/finance-act-2010/section-48",
  "json_url": "https://openlegislation.uk/finance-act-2010/section-48.json",
  "legislation": "ukpga/2010/13",
  "legislation_title": "Finance Act 2010",
  "legislation_url": "https://openlegislation.uk/finance-act-2010",
  "path": "section/48",
  "kind": "section",
  "number": "48",
  "heading": "Extension of special annual allowance charge",
  "text": "(1) Schedule 35 to FA 2009 (special annual allowance charge) is amended as follows.\n(2) In paragraph 1(2) (high-income individual)—\n(a) in the first sentence, for “£150,000” substitute “ £130,000 ”, and\n(b) insert at the end—\nParagraph 16A makes special provision about cases in which the individual's relevant income for the tax year 2009-10 is less than £150,000.\n(3) In paragraph 2 (calculation of relevant income)—\n(a) in the last sentence of sub-paragraph (1),\n(b) in sub-paragraph (2) (in each place), and\n(c) in sub-paragraph (3) (in both places),\nfor “£150,000” substitute “ £130,000 ”.\n(4) After sub-paragraph (5) of that paragraph insert—\n(5A) If—\n(a) the individual's relevant income for the tax year (whether that is the tax year 2009-10 or a later tax year) would (apart from this sub-paragraph) be less than £130,000 if the reference in sub-paragraph (5) to a scheme made on or after 22 April 2009 were to a scheme made on or after 9 December 2009, and\n(b) the individual's relevant income for the tax year 2009-10 is less than £150,000,\nthe individual's relevant income for the tax year is to be assumed to be less than £130,000.\n(5) In paragraph 11(3)(b), after “22 April” insert “ 2009 ”.\n(6) After paragraph 16 insert—\nIndividuals with relevant income below £150,000 in 2009-10\n16A (1) This paragraph has effect if the individual's relevant income for the tax year 2009-10 is less than £150,000.\n(2) References in this Schedule to a pre-22 April 2009 pension input amount are to a pre-9 December 2009 pension input amount.\n(3) References in this Schedule to noon on 22 April 2009 are to 9 December 2009.\n(4) Other references in this Schedule to 22 April 2009 (except in paragraph 2) are to 9 December 2009.\n(5) The reference in paragraph 16(2) to 21 April 2009 is to 8 December 2009.\n(6) If the amount arrived at in the case of the individual under sub-paragraph (1) of paragraph 2 for the tax year 2009-10 is less than £150,000, take the steps in that sub-paragraph in relation to the tax year 2007-08 and the tax year 2008-09.\nIf the result is £150,000 or more for either or both of those earlier tax years the individual's relevant income for the tax year 2009-10 is to be assumed for the purposes of sub-paragraph (1) to be £150,000.\n(7) If there is a scheme the main purpose, or one of the main purposes, of which is to secure that the individual's relevant income for the tax year 2009-10 is less than £150,000, it is to be assumed for the purposes of sub-paragraph (1) to be £150,000.\n(7) The amendments made by this section have effect for the tax year 2009-10 and subsequent tax years (but see paragraph 21(2) of Schedule 35 to FA 2009).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/13/section/48",
    "retrieved_at": "2026-10-28T17:03:48.386939+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}