LegalizeThe Finance Act 2004 (Standard Lifetime Allowance) Regulations 2018
Made: 20th February 2018
The Treasury, in exercise of the powers conferred by section 218(2D) of the Finance Act 2004[^f00001], make the following Regulations.
Citation
1
These Regulations may be cited as the Finance Act 2004 (Standard Lifetime Allowance) Regulations 2018.
Standard Lifetime Allowance for the tax year 2018-19
2
The standard lifetime allowance for the tax year 2018-19 is £1,030,000.
Signed
Paul Maynard — Andrew Stephenson — Two of the Lords Commissioners of Her Majesty’s Treasury — 20th February 2018
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
These Regulations set the standard lifetime allowance for the tax year 2018-19, as is required by section 218(2D) of the Finance Act 2004.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and relates to a predetermined indexation formula.
Footnotes
[^f00001]: 2004 c. 12. Section 218(2) and (3) was amended by, and subsection (2D) was inserted by, section 19(2) of the Finance Act 2016 (c. 24).
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