Part I F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. substituted by Occupational and Personal Pension Schemes (Levy and Register) 1998 Sch.
Sch. Pt.I amended by Occupational and Personal Pension Schemes (Levy) 2000 reg.3(1)
Sch. Pt.II amended by Occupational and Personal Pension Schemes (Levy) 2000 reg.3(2)
Sch. Pt.I amended by Occupational and Personal Pension Schemes (Levy) 1999 reg.2

The amount of the general levy in the case of schemes to which regulation 3(2)(a) of these Regulations applies shall be calculated by reference to the following sub-paragraphs:—

(a)

where the total membership of the scheme is at least 2 but not greater than 11, F2£12.00;

(b)

where the total membership of the scheme is at least 12 but not greater than 99, the amount calculated by multiplying F3£1.25 by the total membership of the scheme;

(c)

where the total membership of the scheme is at least 100 but not greater than 999, the greater of—–

(i)

the amount calculated by multiplying F490p by the total membership of the scheme, or

(ii)

F5£125;

(d)

where the total membership of the scheme is at least 1,000 but not greater than 4,999, the greater of—

(i)

the amount calculated by multiplying F670p by the total membership of the scheme, or

(ii)

F7£900;

(e)

where the total membership of the scheme is at least 5,000 but not greater than 9,999, the greater of—

(i)

the amount calculated by multiplying 53p by the total membership of the scheme, or

(ii)

F8£3,500;

(f)

where the total membership of the scheme is 10,000 or over, the greater of—

(i)

the amount calculated by multiplying 35p by the total membership of the scheme, or

(ii)

£5,300.

Annotations

Textual amendments

F1: Sch. substituted by the Sch. to S.I. 1998/600 as from 1.4.98.
F2: Amount in Sch. Pt 1, para. (a) substituted by reg. 3(1)(a) of S.I. 2000/542 as from 1.4.2000.
F3: Amount in Sch. Pt 1, para. (b) substituted by reg. 3(1)(b) of S.I. 2000/542 as from 1.4.2000.
F4: Amount in Sch. Pt 1, para. (c)(i) substituted by reg. 3(1)(c) of S.I. 2000/542 as from 1.4.2000.
F5: Amount in Sch. Pt 1, para. (c)(ii) substituted by reg. 3(1)(d) of S.I. 2000/542 as from 1.4.2000.
F6: Amount in Sch. Pt 1, para. (d)(i) substituted by reg. 3(1)(e) of S.I. 2000/542 as from 1.4.2000.
F7: Amount in Sch. Pt 1, para. (d)(ii) substituted by reg. 3(1)(f) of S.I. 2000/542 as from 1.4.2000.
F8: Amount in Sch. Pt 1, para. (e)(ii) substituted by reg. 3(1)(g) of S.I. 2000/542 as from 1.4.2000.