48 Extension of special annual allowance charge
Finance Act 2010 (2010 c 13) | Legislation

Pensions

48  Extension of special annual allowance charge

(1)     Schedule 35 to FA 2009 (special annual allowance charge) is amended as follows.

(2)     In paragraph 1(2) (high-income individual)—

(a)     in the first sentence, for “£150,000” substitute “£130,000”, and

(b)     insert at the end—

“Paragraph 16A makes special provision about cases in which the individual's relevant income for the tax year 2009–10 is less than £150,000.”

(3)     In paragraph 2 (calculation of relevant income)—

(a)     in the last sentence of sub-paragraph (1),

(b)     in sub-paragraph (2) (in each place), and

(c)     in sub-paragraph (3) (in both places),

for “£150,000” substitute “£130,000”.

(4)     After sub-paragraph (5) of that

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