- Latest available (Revised)
- Original (As made)
The Occupational and Personal Pension Schemes (Levy) Regulations 1997
You are here:
- UK Statutory Instruments
- 1997 No. 666
- Regulation 2
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes to legislation:
The Occupational and Personal Pension Schemes (Levy) Regulations 1997, Section 2 is up to date with all changes known to be in force on or before 09 July 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to Regulation 2:
- Instrument applied by S.I. 1997/666 reg.9(1)-(4)
- reg.2 amended by S.I. 2000/542 reg.2
- reg.2(1) (2) amended by S.I. 1998/600 reg.2(3)(a)
- reg.2(4) amended by S.I. 1998/600 reg.2(3)(b)
- reg.2(4A) added by S.I. 1998/600 reg.2(3)(c)
- reg.2(5) amended by S.I. 1998/600 reg.2(3)(d)(i)
- reg.2(5)(a) revoked by S.I. 1998/600 reg.2(3)(d)(ii)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
- Act by S.I. 2000/1403 reg 32. Sch 2
- Act by S.I. 2000/1403 reg.32 Sch.2
The general levy
2.—(1) [F1Subject to paragraph (4A), for] the purpose of meeting expenditure under section 6, Part X and section 174 of the 1993 Act M1 and of the Regulatory Authority[F2in 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) [F3Subject to paragraph (4A), for] the purpose of meeting expenditure under section 6, Part X and section 174 of the 1993 Act[F4and 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) [F5Subject to paragraph (4A), the] general levy shall be payable in respect of each registration year.
[F6(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 scheme[F7to which paragraph (1) or (2) above applies]—
F8(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.
Textual Amendments
F1Words inserted into reg. 2(1) by reg. 2(3)(a) of S.I. 1998/600 as from 1.4.98
F2Words inserted into reg. 2(1) by reg. 2(a) of S.I. 2000/542 as from 1.4.00.
F3Words inserted into reg. 2(2) by reg. 2(3)(a) of S.I. 1998/600 as from 1.4.98.
F4Words inserted into reg. 2(2) by reg. 2(a) of S.I. 2000/542 as from 1.4.00.
F5Words in reg. 2(4) substituted by reg. 2(3)(b) of S.I. 1998/ 600 as from 1.4.98.
F6Reg. 2(4A) inserted by reg. 2(3)(c) of S.I. 1998/ 600 as from 1.4.98.
F7Words inserted into reg. 2(5) by reg. 2(3)(d)(i) of S.I. 1998/600 as from 1.4.98.
F8Reg. 2(5)(a) omitted by reg. 2(3)(d)(ii) of S.I. 1998/600 as from 1.4.98.
Marginal Citations
M1Section 174 of the Pension Schemes Act 1993 is amended by section 151 of and paragraph 73 of Schedule 5 to the Pensions Act 1995.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.