The Finance Act 2009, Schedule 35 (Special Annual Allowance Charge) (Cessation of Effect) Order 2010
This Order switches off Schedule 35 to the Finance Act 2009, which introduced the special annual allowance charge (SAAC), with effect from the tax year 2011–12. The SAAC is an income tax charge on pension contributions and benefits accrued in excess of the special annual allowance as provided for in the Schedule.