Related Commentary  Related HMRC Manuals

227(1)  A charge to income tax, to be known as the annual allowance charge, arises where an individual who is a member of one or more registered pension schemes has a non-zero chargeable amount for a tax year.

227(1A)  The chargeable amount is to be determined in accordance with section 227ZA.

227(2)  [Omitted by FA 2011, s. 66 and Sch. 17, para. 3(2).]

227(3)  [Omitted by FA 2011, s. 66 and Sch. 17, para. 3(2).]

227(4)  The annual allowance charge is a charge at the appropriate rate in respect of the chargeable amount.

227(4A)  The appropriate rate is–

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