The Registered Pension Schemes (Standard Lifetime and Annual Allowances) Order 2007 (SI 2007/494) has been laid before Parliament and comes into force with effect from 6 April 2007.
These regulations set out the standard lifetime allowance and annual allowance for pension contributions purposes for 2007-08 to 2010-11 inclusive.
The standard lifetime allowance will be as follows:
| Tax year | Allowance |
| 2007/08 | £1,600,000 |
| 2008/09 | £1,650,000 |
| 2009/10 | £1,750,000 |
| 2010/11 | £1,800,000 |
The annual allowance will be as follows:
| Tax year | Allowance |
| 2007/08 | £225,000 |
| 2008/09 | £235,000 |
| 2009/10 | £245,000 |
| 2010/11 | £255,000 |
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