[228A Carry forward of unused annual allowance]
Finance Act 2004 (2004 c 12) | Legislation

[228A  Carry forward of unused annual allowance]

[(1)     This section applies if the individual has unused annual allowance available for the tax year (“the current tax year”).

(2)     The annual allowance for the current tax year in the case of the individual is to be treated as increased by the amount of the unused annual allowance available for the current tax year.

(3)     The individual has unused annual allowance available for the current tax year if—

(a)     the amount of the annual allowance (before any increase under this section) for the immediately preceding tax year exceeded the total pension input amount in the case of the individual for that tax year, or

(b)     the amount of the annual allowance (before any such increase) for either or both of the two tax years immediately preceding that immediately preceding tax year exceeded the total pension input amount in the case

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