Section 21 | Money purchase annual allowance

(1)Part 4 of FA 2004 (pension schemes etc) is amended as follows.

(2)In the following provisions, for “£4,000” substitute “£10,000”—

(a)section 227ZA(1)(b);

(b)section 227B(1)(b) and (2);

(c)in section 227D(4), Steps 4 and 5.

(3)In consequence of the amendments made by this section, in F(No.2)A 2017, omit section 7.

(4)The amendments made by this section have effect for the tax year 2023-24 and subsequent tax years.