{
  "url": "https://openlegislation.uk/registered-pension-schemes-and-relieved-non-uk-pension-schemes-enhanced-allowances-transitional-protection-notification-regulations-2013/note",
  "json_url": "https://openlegislation.uk/registered-pension-schemes-and-relieved-non-uk-pension-schemes-enhanced-allowances-transitional-protection-notification-regulations-2013/note.json",
  "legislation": "uksi/2013/1741",
  "legislation_title": "The Registered Pension Schemes and Relieved Non-UK Pension Schemes ( Enhanced Allowances Transitional Protection) (Notification) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/registered-pension-schemes-and-relieved-non-uk-pension-schemes-enhanced-allowances-transitional-protection-notification-regulations-2013",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nSections 214 to 226 of the Finance Act 2004 (c. 12) provide for the application of the lifetime allowance charge. Section 48 of the Finance Act 2013 (c. 29) has reduced the level of the lifetime allowance, which applies to determine whether the lifetime allowance charge is applicable, to £1,250,000 from tax year 2014-15 onwards.\nPart 1 of Schedule 22 to the Finance Act 2013 introduces transitional provisions which provide protection from the lifetime allowance charge (“fixed protection 2014”) for those who may already have built up pension savings in the expectation that the lifetime allowance would remain at the current level of £1,500,000. These Regulations provide how individuals may give notice to Her Majesty’s Revenue and Customs (“HMRC”) that they intend to rely on fixed protection 2014 and make provision for supplementary and incidental matters.\nRegulations 3 and 4 make provision about giving that notice, its form and contents. If HMRC accept a notice they must issue a certificate (regulation 5). Regulation 6 sets out the circumstances in which HMRC may refuse to accept a notice and regulation 7 sets out how the individual may appeal against that decision.\nRegulations 8 and 9 require that individuals inform HMRC if incorrect information has been given in a notice, or an event occurs which means that the individual is no longer entitled to rely upon the transitional protection.\nRegulations 10 and 11 set out the circumstances in which, following acceptance of a notice, HMRC may replace or revoke a certificate. Regulation 12 sets out how the individual may appeal against replacement or revocation. Regulation 13 deals with the preservation of documents.\nA Tax Information and Impact Note covering the lifetime allowance was published on 11 December 2012 and updated on 20 March 2013 and is available on the HMRC website at http://www.hmrc.gov.uk/thelibrary/tiins.htm. It remains an accurate summary of the impacts that apply to this instrument.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/1741/note",
    "retrieved_at": "2026-10-29T00:48:00.235460+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}