Paragraph 5 F1F2
This table relates to money purchase 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 | £47 | |
| 12 to 99 | £4.60 multiplied by M | Not applicable |
| 100 to 999 | £3.32 multiplied by M | £456 |
| 1,000 to 4,999 | £2.59 multiplied by M | £3,317 |
| 5,000 to 9,999 | £1.97 multiplied by M | £12,948 |
| 10,000 to 499,999 | £1.37 multiplied by M | £19,699 |
| 500,000 or more | £1.04 multiplied by M | £684,999. |
Annotations
Textual amendments
- F1
Sch. para. 5 substituted (1.4.2024) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024 (S.I. 2024/274), regs. 1(2), 2(5)
- 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)