18. Pensions (lifetime allowance charge and annual allowance)
Tuesday 21st March 2023
(1 year, 2 months ago)
Commons Chamber
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Question put,
That provision may be made—
(a) abolishing the lifetime allowance charge,
(b) increasing the amount of the annual allowance in section 228 of the Finance Act 2004 to £60,000,
(c) replacing references to £240,000 with references to £260,000 in section 228ZA(1) and (3)(a) and (b) of that Act,
(d) replacing references to £4,000 with references to £10,000 in sections 227ZA to 228ZA of that Act, and
(e) amending provisions that confer transitional protection in connection with—
(i) the introduction of the lifetime allowance charge, or
(ii) reductions subsequently made in the amount of the lifetime allowance.