# Finance Act 2024, Paragraph 90: Amendments of Schedule 18 to FA 2011

Extent: E+W+S+N.I.

(1) In Schedule 18 to FA 2011 (lifetime allowance charge), in Part 2 (commencement and transitional provision), paragraph 14 (fixed protection) is amended as follows.
(2) In sub-paragraph (1)(b), for “make provision for a lifetime allowance enhancement factor” substitute “apply on that date”.
(3) In sub-paragraph (1A)(b), for “make provision for a lifetime allowance enhancement factor” substitute “apply on that date”.
(4) For sub-paragraph (3) substitute—
“(3) Chapter 15A of Part 9 of ITEPA 2003 (pension income: lump sums under registered pension schemes) has effect in relation to the individual as if—
(a) the amount specified in section 637P of that Act (individual’s lump sum allowance) were £450,000, and
(b) the amount specified in section 637R of that Act (individual’s lump sum and death benefit allowance) were £1,800,000.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/9/paragraph/90 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-9/paragraph-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.