Paragraph 66
(1)
Omit section 227A of FA 2004 (annual allowance charge: individuals who met flexible drawdown conditions).
(2)
In consequence of sub-paragraph (1)—
(a)
in section 227(4) of FA 2004, omit the second sentence, and
(b)
omit paragraph 45 of Schedule 16 to FA 2011.
(3)
The amendments made by sub-paragraphs (1) and (2) have effect for the tax year 2015-16 and subsequent tax years.