Paragraph 134 Power to make further provision in connection with the abolition of lifetime allowance charge

United Kingdom

(1)

The Treasury may by regulations make further provision (in addition to that contained in Parts 1 to 5 of this Schedule) in consequence of, or otherwise in connection with, the provision made by sections 18, 19 and 23 of F(No.2)A 2023.

(2)

Regulations under this paragraph may—

(a)

amend any provision of the Income Tax Acts (including any provision of, or amendment made by, this Schedule);

F1(b)

have effect for the tax years 2024-25 and 2025-26 (as well as subsequent tax years);

(c)

make different provision for different purposes;

(d)

include transitional, transitory or saving provision F2(including any provision that could be made under paragraph 133).

(3)

Regulations under this paragraph F3... may not be made unless a draft of the statutory instrument containing them has been laid before, and approved by a resolution of, the House of Commons.

(4)

No regulations under this paragraph may be made after F430 June 2026.

(5)

In sub-paragraph (2) “amend” includes repeal or revoke.

Annotations

Textual amendments

F1: Sch. 9 para. 134(2)(b) substituted (18.3.2026) by Finance Act 2026 (c. 11), s. 59(2)(a)
F2: Words in Sch. 9 para. 134(2)(d) inserted (18.3.2026) by Finance Act 2026 (c. 11), s. 59(2)(b)
F3: Words in Sch. 9 para. 134(3) omitted (18.3.2026) by virtue of Finance Act 2026 (c. 11), s. 59(3)
F4: Words in Sch. 9 para. 134(4) substituted (18.3.2026) by Finance Act 2026 (c. 11), s. 59(4)

Notes on Part 6

Modifications

C1: Sch. 9 Pt. 6 modified (for the tax year 2024-25 and subsequent tax years) by S.I. 2010/1187, reg. 19(2)-(5) (as substituted by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 15(5))