Section 59 Pensions: abolition of the lifetime allowance charge
United Kingdom
(1)
Paragraph 134 of Schedule 9 to FA 2024 (power to make further provision in connection with the abolition of the lifetime allowance charge) is amended as follows.
(2)
In sub-paragraph (2)—
(a)
for paragraph (b) substitute—
;(b)have effect for the tax years 2024-25 and 2025-26 (as well as subsequent tax years);
(b)
in paragraph (d), at the end insert “(including any provision that could be made under paragraph 133)”.
(3)
In sub-paragraph (3) omit “that increase any person’s liability to tax”.
(4)
In sub-paragraph (4), for “5 April” substitute “30 June”.