# Finance Act 2011, Paragraph 10


(1) Paragraph 28(3) is amended as follows.
(2) In the sub-paragraphs (6A) and (7) treated as substituted—
(a) in the formula, for “CSLA” substitute “ ULA ”, and
(b) for the definition of CSLA substitute— “ ULA is the underpinned lifetime allowance, and ”.
(3) After the sub-paragraph (7) treated as substituted insert—
“(7A) The underpinned lifetime allowance” is the greater of the current standard lifetime allowance and £1,800,000 (the standard lifetime allowance for the tax year 2011-12).”

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/18/paragraph/10 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-18/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.