18Lifetime allowance charge abolishedU.K.
(1)No lifetime allowance charge arises for the tax year 2023-24 or any subsequent tax year.
(2)Subsection (1) does not affect the continued operation of any provision of Part 4 of FA 2004 (pension schemes etc) so far as it has effect for purposes other than that of determining a person’s liability for the lifetime allowance charge.