{
  "url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-regulations-2005/regulation-5",
  "json_url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-regulations-2005/regulation-5.json",
  "legislation": "uksi/2005/626",
  "legislation_title": "The Occupational and Personal Pension Schemes (General Levy) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/occupational-and-personal-pension-schemes-general-levy-regulations-2005",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "The reference day",
  "text": "(1) The amount of the general levy payable for a financial year in respect of a scheme is calculated by reference to the number of the scheme's members on the reference day.\n(2) The general rule is that the reference day for a scheme is the last day of the scheme year which ended before the beginning of the previous financial year.\n(3) But if the scheme—\n(a) is established too late to have such a scheme year; or\n(b) has only one member on the day that is the reference day in accordance with paragraph (2),\nthe reference day is the date on which the scheme becomes a registrable scheme.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/626/regulation/5",
    "retrieved_at": "2026-10-29T05:04:56.553604+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."
}