21Money purchase annual allowanceU.K.
(1)Part 4 of FA 2004 (pension schemes etc) is amended as follows.
(2)In the following provisions, for “£4,000” substitute “£10,000”—
(a)section 227ZA(1)(b);
(b)section 227B(1)(b) and (2);
(c)in section 227D(4), Steps 4 and 5.
(3)In consequence of the amendments made by this section, in F(No.2)A 2017, omit section 7.
(4)The amendments made by this section have effect for the tax year 2023-24 and subsequent tax years.