{
  "url": "https://openlegislation.uk/finance-act-2013/section-48",
  "json_url": "https://openlegislation.uk/finance-act-2013/section-48.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "section/48",
  "kind": "section",
  "number": "48",
  "heading": "Lifetime allowance charge: new standard lifetime allowance for the tax year 2014-15 and subsequent tax years",
  "text": "(1) Section 218 of FA 2004 (standard lifetime allowance etc) is amended as follows.\n(2) For subsection (2) substitute—\n“(2) The standard lifetime allowance for the tax year 2014-15 and, subject to subsection (3), subsequent tax years is £1,250,000.”\n(3) In subsection (3) for “the tax year 2012-13” substitute “ the tax year 2014-15 ”.\n(4) The amendments made by subsections (2) and (3) have effect for the tax year 2014-15 and subsequent tax years.\n(5) Schedule 22 contains transitional provision etc.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/section/48",
    "retrieved_at": "2026-10-29T09:08:06.076240+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."
  }
}