Paragraph 2 F1F2
This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2024—
| Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy |
|---|---|---|
| 2 to 11 | £68 | |
| 12 to 99 | £6.75 multiplied by M | Not applicable |
| 100 to 999 | £4.88 multiplied by M | £669 |
| 1,000 to 4,999 | £3.79 multiplied by M | £4,876 |
| 5,000 to 9,999 | £2.89 multiplied by M | £18,947 |
| 10,000 to 499,999 | £2.01 multiplied by M | £28,898 |
| 500,000 or more | £1.52 multiplied by M | £1,004,998. |
Annotations
Textual amendments
- F1
Sch. para. 2 substituted (1.4.2024) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024 (S.I. 2024/274), regs. 1(2), 2(2)
- F2
Sch. inserted (1.4.2021) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021/214), regs. 1(1), 2(4)