Section 59 | Pensions: abolition of the lifetime allowance charge

(1)Paragraph 134 of Schedule 9 to FA 2024 (power to make further provision in connection with the abolition of the lifetime allowance charge) is amended as follows.

(2)In sub-paragraph (2)—

(a)for paragraph (b) substitute—

(b)have effect for the tax years 2024-25 and 2025-26 (as well as subsequent tax years);

;

(b)in paragraph (d), at the end insert “(including any provision that could be made under paragraph 133)”.

(3)In sub-paragraph (3) omit “that increase any person’s liability to tax”.

(4)In sub-paragraph (4), for “5 April” substitute “30 June”.