# Finance Act 2011, Paragraph 9


In paragraph 16(3), for “standard lifetime allowance when the first relevant event occurs.” substitute “ underpinned lifetime allowance when the first relevant event occurs; and “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/9 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-18/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.