The Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2007

• Citation: S.I. 2007/494
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2007 and shall come into force on 6th April 2007.

Section 2 Standard lifetime allowance

The standard lifetime allowance—

(a) for the tax year 2007-08 is £1,600,000;

(b) for the tax year 2008-09 is £1,650,000;

(c) for the tax year 2009-10 is £1,750,000;

(d) for the tax year 2010-11 is £1,800,000.

Section 3 Annual allowance

The annual allowance—

(a) for the tax year 2007-08 is £225,000;

(b) for the tax year 2008-09 is £235,000;

(c) for the tax year 2009-10 is £245,000;

(d) for the tax year 2010-11 is £255,000.