LegalizeThe Finance Act 2004 (Standard Lifetime Allowance) Regulations 2019
Made: 10th January 2019
The Treasury, in exercise of the power 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 2019.
Standard Lifetime Allowance for the tax year 2019-20
2
The standard lifetime allowance for the tax year 2019-20 is £1,055,000.
Signed
Jeremy Quin — Rebecca Harris — Two of the Lords Commissioners of Her Majesty’s Treasury — 10th January 2019
Explanatory note
(This note is not part of the regulation)
EXPLANATORY NOTE
These Regulations set out the standard lifetime allowance for the tax year 2019-20, 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) was amended by, and subsections (2A) to (2D) of section 218 were inserted by, section 19(2) of the Finance Act 2016 (c. 24).
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.
This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence.
legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.