http://www.legislation.gov.uk/ukpga/2023/30/section/22Finance (No. 2) Act 2023Statute Law Database2026-08-04Expert Participation2026-07-15
Part 1Income tax, corporation tax and capital gains taxPensionsAnnual allowance: tapering
22
1
In Part 4 of FA 2004 (pension schemes etc), section 228ZA (tapered reduction of annual allowance) is amended as follows.
2
In subsection (1)—
a
for “£4,000” substitute “£10,000”;
b
for “£240,000” substitute “£260,000”.
3
In subsection (3)(a) and (b), for “£240,000” substitute “£260,000”.
4
The amendments made by this section have effect for the tax year 2023-24 and subsequent tax years.