Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2010 comes into force
Implementation date: 15 April 2010
The Order sets out the rates of the standard lifetime allowance and the annual allowance for the tax years 2011/12 to 2015/16. The standard lifetime allowance sets a limit on the amount of pension benefits a person can take without incurring a charge to tax. The annual allowance sets a limit on an individual's annual input to a registered pension without incurring a charge to tax. The Order can be viewed on the OPSI website.