# The Occupational and Personal Pension Schemes (Levy) Regulations 1997, Regulation 2: The general levy


(1) Subject to paragraph (4A), for the purpose of meeting expenditure under section 6, Part X and section 174 of the 1993 Act and of the Regulatory Authorityin connection with their functions in relation to occupational pension schemes, the trustees of every registrable occupational pension scheme shall be liable to pay a levy to the Secretary of State.
(2) Subject to paragraph (4A), for the purpose of meeting expenditure under section 6, Part X and section 174 of the 1993 Actand of the Regulatory Authority in connection with their functions in relation to personal pension schemes, the trustees of every registrable personal pension scheme shall be liable to pay a levy to the Secretary of State.
(3) In these Regulations, the levy payable to the Secretary of State by a registrable scheme under paragraph (1) or (2) above shall be referred to as “the general levy".
(4) Subject to paragraph (4A), the general levy shall be payable in respect of each registration year.
(4A) No levy shall be payable under paragraph (1) or (2) above in relation to a scheme in respect of any registration year—
(a) in which that scheme becomes a registrable scheme; or
(b) which immediately follows a registration year in which that scheme became a registrable scheme.
(5) Subject to regulation 8, where, during a registration year, a schemeto which paragraph (1) or (2) above applies—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) ceases to be a registrable scheme; or
(c) is wound up,
the general levy shall nevertheless be payable in full for that year.

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Source: https://www.legislation.gov.uk/uksi/1997/666/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-and-personal-pension-schemes-levy-regulations-1997/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.