# The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2021, Schedule: Schedule to be added to the Occupational and Personal Pension Schemes (General Levy) Regulations (Northern Ireland) 2005


“SCHEDULE
Amount of the general levy
Regulations 5 and 6
PART 1
Occupational pension schemes
1. (1) In this Part—
“defined benefits scheme”, “hybrid scheme” and “money purchase scheme” have the meanings given by section 78 of the Pensions (No. 2) Act (Northern Ireland) 2008”;
“Master Trust scheme” has the meaning given by section 1 of the Pension Schemes Act 2017 or any corresponding Northern Ireland legislation.
(2) Where an occupational pension scheme—
(a) is both a Master Trust scheme and a money purchase scheme, or
(b) is both a Master Trust scheme and a hybrid scheme,
the scheme shall be treated for the purposes of this Part as a Master Trust scheme.
2. The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2021.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£32
12 to 99
£3∙17 x M
Not applicable
100 to 999
£2∙29 x M
£310
1,000 to 4,999
£1∙78 x M
£2,290
5,000 to 9,999
£1∙35 x M
£8,900
10,000 to 499,999
£0∙95 x M
£13,500
500,000 or more
£0∙72 x M
£475,000
3. The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2022.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£54
12 to 99
£5∙33 x M
Not applicable
100 to 999
£3∙85 x M
£530
1,000 to 4,999
£3∙00 x M
£3,850
5,000 to 9,999
£2∙28 x M
£15,000
10,000 to 499,999
£1∙59 x M
£22,800
500,000 or more
£1∙20 x M
£795,000
4. The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2023.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£64
12 to 99
£6∙34 x M
Not applicable
100 to 999
£4∙58 x M
£630
1,000 to 4,999
£3∙56 x M
£4,580
5,000 to 9,999
£2∙71 x M
£17,800
10,000 to 499,999
£1∙89 x M
£27,100
500,000 or more
£1∙43 x M
£945,000
5. The following Table relates to money purchase schemes for the financial year beginning with 1st April 2021.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£32
12 to 99
£3∙17 x M
Not applicable
100 to 999
£2∙29 x M
£310
1,000 to 4,999
£1∙78 x M
£2,290
5,000 to 9,999
£1∙35 x M
£8,900
10,000 to 499,999
£0∙95 x M
£13,500
500,000 or more
£0∙72 x M
£475,000
6. The following Table relates to money purchase schemes for the financial year beginning with 1st April 2022.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£38
12 to 99
£3∙74 x M
Not applicable
100 to 999
£2∙70 x M
£370
1,000 to 4,999
£2∙11 x M
£2,700
5,000 to 9,999
£1∙60 x M
£10,550
10,000 to 499,999
£1∙12 x M
£16,000
500,000 or more
£0∙85 x M
£560,000
7. The following Table relates to money purchase schemes for the financial year beginning with 1st April 2023.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£44
12 to 99
£4∙32 x M
Not applicable
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∙85 x M
£12,150
10,000 to 499,999
£1∙29 x M
£18,500
500,000 or more
£0∙98 x M
£645,000
8. The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2021.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£31
12 to 99
£3∙02 x M
Not applicable
100 to 999
£2∙18 x M
£300
1,000 to 4,999
£1∙70 x M
£2,180
5,000 to 9,999
£1∙29 x M
£8,500
10,000 to 499,999
£0∙90 x M
£12,900
500,000 or more
£0∙68 x M
£450,000
9. The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2022.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£32
12 to 99
£3∙08 x M
Not applicable
100 to 999
£2∙23 x M
£300
1,000 to 4,999
£1∙73 x M
£2,230
5,000 to 9,999
£1∙32 x M
£8,650
10,000 to 499,999
£0∙92 x M
£13,200
500,000 or more
£0∙70 x M
£460,000
10. The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2023.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£32
12 to 99
£3∙14 x M
Not applicable
100 to 999
£2∙27 x M
£310
1,000 to 4,999
£1∙77 x M
£2,270
5,000 to 9,999
£1∙34 x M
£8,850
10,000 to 499,999
£0∙94 x M
£13,400
500,000 or more
£0∙71 x M
£470,000
PART 2
Personal pension schemes
11. The following Table relates to personal pension schemes for the financial year beginning with 1st April 2021.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£13
12 to 99
£1∙21 x M
Not applicable
100 to 999
£0∙85 x M
£120
1,000 to 4,999
£0∙72 x M
£850
5,000 to 9,999
£0∙48 x M
£3,600
10,000 to 499,999
£0∙37 x M
£4,800
500,000 or more
£0∙27 x M
£185,000
12. The following Table relates to personal pension schemes for the financial year beginning with 1st April 2022.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£13
12 to 99
£1∙23 x M
Not applicable
100 to 999
£0∙87 x M
£120
1,000 to 4,999
£0∙74 x M
£870
5,000 to 9,999
£0∙49 x M
£3,700
10,000 to 499,999
£0∙37 x M
£4,900
500,000 or more
£0∙28 x M
£185,000
13. The following Table relates to personal pension schemes for the financial year beginning with 1st April 2023.
TABLE
Column 1
Column 2
Column 3
Number of members on the reference day
Amount of levy calculated by reference to number of members (M)
Minimum amount of levy
2 to 11
£14
12 to 99
£1∙25 x M
Not applicable
100 to 999
£0∙88 x M
£120
1,000 to 4,999
£0∙75 x M
£880
5,000 to 9,999
£0∙50 x M
£3,750
10,000 to 499,999
£0∙38 x M
£5,000
500,000 or more
£0∙28 x M
£190,000
”

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Source: https://www.legislation.gov.uk/nisr/2021/60/schedule (the official version)
Page: https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-amendment-regulations-northern-ireland-2021/schedule
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.