http://www.legislation.gov.uk/uksi/2020/342/madeThe Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020enKing's Printer of Acts of Parliament2020-03-25INCOME TAX These Regulations set out the standard lifetime allowance for the tax year 2020-21, as is required by section 218(2D) of the Finance Act 2004. 2020 No. 342 Income Tax The Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020 Made 23rd March 2020 The Treasury, in exercise of the power conferred by section 218(2D) of the Finance Act 2004, make the following Regulations. Citation 1 These Regulations may be cited as the Finance Act 2004 (Standard Lifetime Allowance) Regulations 2020. Standard Lifetime Allowance for the tax year 2020-21 2 The standard lifetime allowance for the tax year 2020-21 is £1,073,100. David Rutley Iain Stewart Two of the Lords Commissioners of Her Majesty’s Treasury 23rd March 2020 EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations set out the standard lifetime allowance for the tax year 2020-21, 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.

 2004 c. 12. Section 218(2) was amended by, and subsections (2A) to (2D) were inserted by, section 19(2) of the Finance Act 2016 (c. 24).