Article 3 The earnings percentage
For the purposes of section 178(3)(a) of the Act (the levy ceiling), the percentage by which it appears to the Secretary of State that the general level of earnings has increased during the review periodf1 is 5%.
Annotations
Footnotes
- f1
-
In accordance with section 178(4) of the Pensions Act 2004 and regulation 3 of S.I. 2006/2692, the review period is the period from 1st August 2024 to 31st July 2025.