{
  "url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-amendment-regulations-2024/regulation-2",
  "json_url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-amendment-regulations-2024/regulation-2.json",
  "legislation": "uksi/2024/274",
  "legislation_title": "The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-amendment-regulations-2024",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations 2005",
  "text": "(1) The Schedule to the Occupational and Personal Pension Schemes (General Levy) Regulations 2005 (amount of the general levy) is amended as follows.\n(2) For paragraph 2 substitute—\n“2 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2024—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£68\n12 to 99\n£6.75 multiplied by M\nNot applicable\n100 to 999\n£4.88 multiplied by M\n£669\n1,000 to 4,999\n£3.79 multiplied by M\n£4,876\n5,000 to 9,999\n£2.89 multiplied by M\n£18,947\n10,000 to 499,999\n£2.01 multiplied by M\n£28,898\n500,000 or more\n£1.52 multiplied by M\n£1,004,998.\n”.\n(3) For paragraph 3 substitute—\n“3 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2025—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£73\n12 to 99\n£7.19 multiplied by M\nNot applicable\n100 to 999\n£5.19 multiplied by M\n£712\n1,000 to 4,999\n£4.04 multiplied by M\n£5,185\n5,000 to 9,999\n£3.07 multiplied by M\n£20,196\n10,000 to 499,999\n£2.14 multiplied by M\n£30,697\n500,000 or more\n£1.62 multiplied by M\n£1,069,998.\n”.\n(4) For paragraph 4 substitute—\n“4 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2026—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£77\n12 to 99\n£7.66 multiplied by M\nNot applicable\n100 to 999\n£5.53 multiplied by M\n£759\n1,000 to 4,999\n£4.30 multiplied by M\n£5,525\n5,000 to 9,999\n£3.27 multiplied by M\n£21,496\n10,000 to 499,999\n£2.28 multiplied by M\n£32,697\n500,000 or more\n£1.73 multiplied by M\n£1,139,998.\n”.\n(5) For paragraph 5 substitute—\n“5 This table relates to money purchase schemes for the financial year beginning with 1st April 2024—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£47\n12 to 99\n£4.60 multiplied by M\nNot applicable\n100 to 999\n£3.32 multiplied by M\n£456\n1,000 to 4,999\n£2.59 multiplied by M\n£3,317\n5,000 to 9,999\n£1.97 multiplied by M\n£12,948\n10,000 to 499,999\n£1.37 multiplied by M\n£19,699\n500,000 or more\n£1.04 multiplied by M\n£684,999.\n”.\n(6) For paragraph 6 substitute—\n“6 This table relates to money purchase schemes for the financial year beginning with 1st April 2025—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£50\n12 to 99\n£4.90 multiplied by M\nNot applicable\n100 to 999\n£3.54 multiplied by M\n£486\n1,000 to 4,999\n£2.76 multiplied by M\n£3,537\n5,000 to 9,999\n£2.10 multiplied by M\n£13,798\n10,000 to 499,999\n£1.46 multiplied by M\n£20,998\n500,000 or more\n£1.11 multiplied by M\n£729,999.\n”.\n(7) For paragraph 7 substitute—\n“7 This table relates to money purchase schemes for the financial year beginning with 1st April 2026—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£53\n12 to 99\n£5.22 multiplied by M\nNot applicable\n100 to 999\n£3.77 multiplied by M\n£517\n1,000 to 4,999\n£2.94 multiplied by M\n£3,767\n5,000 to 9,999\n£2.23 multiplied by M\n£14,698\n10,000 to 499,999\n£1.56 multiplied by M\n£22,298\n500,000 or more\n£1.18 multiplied by M\n£779,999.\n”.\n(8) For paragraph 8 substitute—\n“8 This table relates to Master Trust schemes for the financial year beginning with 1st April 2024—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£34\n12 to 99\n£3.34 multiplied by M\nNot applicable\n100 to 999\n£2.42 multiplied by M\n£331\n1,000 to 4,999\n£1.89 multiplied by M\n£2,418\n5,000 to 9,999\n£1.43 multiplied by M\n£9,449\n10,000 to 499,999\n£1.00 multiplied by M\n£14,299\n500,000 or more\n£0.76 multiplied by M\n£499,999.\n”.\n(9) For paragraph 9 substitute—\n“9 This table relates to Master Trust schemes for the financial year beginning with 1st April 2025—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£36\n12 to 99\n£3.56 multiplied by M\nNot applicable\n100 to 999\n£2.57 multiplied by M\n£353\n1,000 to 4,999\n£2.01 multiplied by M\n£2,568\n5,000 to 9,999\n£1.52 multiplied by M\n£10,048\n10,000 to 499,999\n£1.07 multiplied by M\n£15,199\n500,000 or more\n£0.81 multiplied by M\n£534,999.\n”.\n(10) For paragraph 10 substitute—\n“10 This table relates to Master Trust schemes for the financial year beginning with 1st April 2026—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£39\n12 to 99\n£3.79 multiplied by M\nNot applicable\n100 to 999\n£2.74 multiplied by M\n£376\n1,000 to 4,999\n£2.14 multiplied by M\n£2,738\n5,000 to 9,999\n£1.62 multiplied by M\n£10,698\n10,000 to 499,999\n£1.14 multiplied by M\n£16,199\n500,000 or more\n£0.86 multiplied by M\n£569,999.\n”.\n(11) For paragraph 11 substitute—\n“11 This table relates to the financial year beginning with 1st April 2024—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£15\n12 to 99\n£1.33 multiplied by M\nNot applicable\n100 to 999\n£0.94 multiplied by M\n£132\n1,000 to 4,999\n£0.80 multiplied by M\n£940\n5,000 to 9,999\n£0.53 multiplied by M\n£4,000\n10,000 to 499,999\n£0.40 multiplied by M\n£5,300\n500,000 or more\n£0.30 multiplied by M\n£200,000.\n”.\n(12) For paragraph 12 substitute—\n“12 This table relates to the financial year beginning with 1st April 2025—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£16\n12 to 99\n£1.42 multiplied by M\nNot applicable\n100 to 999\n£1.00 multiplied by M\n£141\n1,000 to 4,999\n£0.85 multiplied by M\n£999\n5,000 to 9,999\n£0.57 multiplied by M\n£4,250\n10,000 to 499,999\n£0.43 multiplied by M\n£5,700\n500,000 or more\n£0.32 multiplied by M\n£215,000.\n”.\n(13) For paragraph 13 substitute—\n“13 This table relates to the financial year beginning with 1st April 2026—\nNumber of members on the reference day\nAmount of levy calculated by reference to the number of members (M)\nMinimum amount of levy\n2 to 11\n£17\n12 to 99\n£1.51 multiplied by M\nNot applicable\n100 to 999\n£1.06 multiplied by M\n£150\n1,000 to 4,999\n£0.91 multiplied by M\n£1,059\n5,000 to 9,999\n£0.60 multiplied by M\n£4,550\n10,000 to 499,999\n£0.46 multiplied by M\n£6,000\n500,000 or more\n£0.34 multiplied by M\n£230,000.\n”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2005/626, amended by S.I. 2021/214, (“the 2005 Regulations”); there are other amending instruments but none is relevant."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "A “defined benefits scheme” and a “hybrid scheme” are both defined in paragraph 1 of the Schedule to the 2005 Regulations."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "A “money purchase scheme” is defined in paragraph 1 of the Schedule to the 2005 Regulations."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "A “Master Trust scheme” is defined in paragraph 1 of the Schedule to the 2005 Regulations."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/274/regulation/2",
    "retrieved_at": "2026-10-28T21:33:37.043912+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}