# Finance Act 2011, Paragraph 5


(1) Paragraph 10 (winding-up lump sum) is amended as follows.
(2) In sub-paragraph (2), for “1% of the standard lifetime allowance when the lump sum is paid,” substitute “ £18,000, ”.
(3) After that sub-paragraph insert—
“(2A) The Treasury may by order substitute for the amount for the time being specified in sub-paragraph (2) such larger amount as is specified in the order.”

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/18/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-18/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.