Special Annual Allowance Charge (Variation of Rate) Order 2010 comes into force
Implementation date: 3 March 2010
The Order amends the rate of the special annual allowance charge for the tax year 2010-11 and subsequent tax years, by linking the rate of the special annual allowance charge to the top slice of an individual’s income, so that it charges the difference between the rate of relief that was given on the pension contribution and the basic rate of tax. This amendment reflects the introduction of the 50% tax rate from 6 April 2010. The Order can be viewed on the OPSI website.