{
  "url": "https://openlegislation.uk/occupational-pension-schemes-levies-amendment-regulations-2015/note",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-levies-amendment-regulations-2015/note.json",
  "legislation": "uksi/2015/84",
  "legislation_title": "The Occupational Pension Schemes (Levies) (Amendment) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-levies-amendment-regulations-2015",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations amend the Occupational Pension Schemes (Levies) Regulations 2005 (S.I. 2005/842) (“the 2005 Regulations”).\nRegulation 6(2) of the 2005 Regulations sets out the amount of the administration levy by reference to the number of the members of the pension scheme. Regulation 3 of these Regulations amends the amount of the administration levy for the financial year ending with 31st March 2016. Regulation 4 further amends that amount for the financial year ending with 31st March 2017. Regulation 5 further amends that amount for the financial year ending with 31st March 2018 and for subsequent years. Regulation 2 revokes earlier amending provisions which are superseded by subsequent amendments and by these Regulations and provides for the expiry of regulations 3 and 4 when those amendments are superseded.\nThe purpose of the administration levy is to meet the expenditure of the Secretary of State mentioned in section 117(1) of the Pensions Act 2004 (c. 35). Eligible occupational pension schemes pay the administration levy (see regulation 4 of the 2005 Regulations). The administration levy is used to fund administration expenses of the Board of the Pension Protection Fund.\nAn impact assessment has not been prepared for this Instrument as it has a negligible effect on business and civil society organisations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/84/note",
    "retrieved_at": "2026-10-28T23:49:33.365953+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}