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Legislation
Finance Act 2004

Crossheading Annual allowance charge

  • Section 227 Annual allowance charge
  • Section 227ZA The chargeable amount
  • Section 227A Individuals who meet flexible drawdown conditions
  • Section 227B The alternative chargeable amount
  • Section 227C Meaning of “money-purchase input sub-total”
  • Section 227D Pension input amounts in respect of certain hybrid arrangements
  • Section 227E Pension input periods ending before rights are first flexibly accessed
  • Section 227F Pension input periods in which rights are first flexibly accessed
  • Section 227G When pension rights are first flexibly accessed
  • Section 228 Annual allowance
  • Section 228ZA Tapered reduction of annual allowance: high-income individual
  • Section 228ZB Anti-avoidance in connection with section 228ZA
  • Section 228A Carry forward of unused annual allowance
  • Section 228B Carry forward: certain periods treated as pension input periods
  • Section 228C Annual allowance for, and carry-forward from, 2015-16
  • Section 229 Total pension input amount
  • Section 230 Cash balance arrangements
  • Section 231 Cash balance arrangements: uprating of opening value
  • Section 232 Cash balance arrangements: adjustments of closing value
  • Section 233 Other money purchase arrangements
  • Section 234 Defined benefits arrangements
  • Section 235 Defined benefits arrangements: uprating of opening value
  • Section 236 Defined benefits arrangements: adjustments of closing value
  • Section 236ZA Defined benefits arrangements: public service pension schemes
  • Section 236A Post-entitlement enhancements
  • Section 237 Hybrid arrangements
  • Section 237ZA Pension input amounts for input periods ending in 2015-16
  • Section 237A Liability of individual
  • Section 237B Liability of scheme administrator
  • Section 237BA Time limit for notices under section 237B
  • Section 237C Exceptions
  • Section 237D Discharge of scheme administrator's liability
  • Section 237E Consequential benefit adjustments to be reasonable etc
  • Section 237F Power to modify rules
  • Section 238 Pension input period : arrangement commencing before 9 July 2015
  • Section 238ZA Pension input periods from 9 July 2015 for existing arrangement
  • Section 238ZB Pension input periods for arrangement commencing after 8 July 2015
  • Section 238A Power to make orders about charge
  1. Annual allowance charge
  2. Annual allowance

Section 228 | Annual allowance

From legislation.gov.uk

(1)The annual allowance for the tax year 2023-24 and, subject to subsection (2), each subsequent tax year is £60,000.

(2)The Treasury may by order provide that the annual allowance for any tax year subsequent to the tax year 2023-24 is such amount as is specified in the order.

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