Regulation 2 Amendment of the Occupational Pension Schemes (Levies) Regulations 2005

For regulation 6(2) of the Occupational Pension Schemes (Levies) Regulations 2005^f1 (the amount of the administration levy payable), substitute—

“(2)

This is the table for the administration levy for the financial year ending with 31st March 2009 and for each financial year after that—

Column 1 Number of members on the reference day	Column 2 Amount of levy calculated by reference to number of members (M)	Column 3 Minimum amount of levy
2 to 11		£42
12 to 99	£4.33 x M
100 to 999	£3.12 x M	£430
1,000 to 4,999	£2.43 x M	£3,120
5,000 to 9,999	£1.84 x M	£12,150
10,000 or more	£1.29 x M	£18,400.

”.