# The Occupational Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2015, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations further amend the Occupational Pension Schemes (Levies) Regulations (Northern Ireland) 2005 (“the 2005 Regulations”).
Regulation 2 provides for the expiry of regulations 3 and 4 when those amendments are superseded.
Regulations 3, 4 and 5 substitute regulation 6(2) of the 2005 Regulations to specify the new figures to be used in calculating the rate at which the administration levy is payable for the financial years beginning on 1st April 2015, 1st April 2016, 1st April 2017 and subsequent years. The purpose of the administration levy is to meet the expenditure mentioned in Article 103(1) of the Pensions (Northern Ireland) Order 2005 (“the Order”) relating to the Board of the Pension Protection Fund (“the Board”). 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.
Regulation 6 makes a consequential revocation.
As these Regulations make in relation to Northern Ireland only provision corresponding to provision contained in regulations made by the Secretary of State for Work and Pensions in relation to Great Britain, the requirement to consult under Article 289(1) of the Order does not apply by virtue of paragraph (2)(e) of that Article.

---
Source: https://www.legislation.gov.uk/nisr/2015/115/note (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-levies-amendment-regulations-northern-ireland-2015/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.