Paragraph 7 F1F2
This table relates to money purchase schemes for the financial year beginning with 1st April 2026—
| 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 | £53 | |
| 12 to 99 | £5.22 multiplied by M | Not applicable |
| 100 to 999 | £3.77 multiplied by M | £517 |
| 1,000 to 4,999 | £2.94 multiplied by M | £3,767 |
| 5,000 to 9,999 | £2.23 multiplied by M | £14,698 |
| 10,000 to 499,999 | £1.56 multiplied by M | £22,298 |
| 500,000 or more | £1.18 multiplied by M | £779,999. |
Annotations
Textual amendments
- F1
Sch. para. 7 substituted (1.4.2024) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024 (S.I. 2024/274), regs. 1(2), 2(7)
- 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)