The Occupational and Personal Pension Schemes (General Levy) Regulations 2005

Regulations 6(1) and 7(1)

[F1 SCHEDULE E+W+S AMOUNT OF THE GENERAL LEVY

Textual Amendments

F1 Sch. inserted (1.4.2021) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021/214), regs. 1(1), 2(4)

PART 1 E+W+S OCCUPATIONAL PENSION SCHEMES

1.— (1) In this Part— E+W+S

“defined benefits scheme”, “hybrid scheme” and “money purchase scheme” have the meanings given in section 99 of the Pensions Act 2008;

“Master Trust scheme” has the meaning given in section 1 of the Pension Schemes Act 2017.

(2) Where an occupational pension scheme—

(a) is both a Master Trust scheme and a money purchase scheme; or

(b) is both a Master Trust scheme and a hybrid scheme,

the scheme shall be treated for the purposes of this Part as a Master Trust scheme.

2.   This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2021— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£32
12 to 99	£3.17 multiplied by M	Not applicable
100 to 999	£2.29 multiplied by M	£310
1,000 to 4,999	£1.78 multiplied by M	£2,290
5,000 to 9,999	£1.35 multiplied by M	£8,900
10,000 to 499,999	£0.95 multiplied by M	£13,500
500,000 or more	£0.72 multiplied by M	£475,000.

3.   This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2022— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£54
12 to 99	£5.33 multiplied by M	Not applicable
100 to 999	£3.85 multiplied by M	£530
1,000 to 4,999	£3.00 multiplied by M	£3,850
5,000 to 9,999	£2.28 multiplied by M	£15,000
10,000 to 499,999	£1.59 multiplied by M	£22,800.
500,000 or more	£1.20 multiplied by M	£795,000.

4.   This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2023— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£64
12 to 99	£6.34 multiplied by M	Not applicable
100 to 999	£4.58 multiplied by M	£630
1,000 to 4,999	£3.56 multiplied by M	£4,580
5,000 to 9,999	£2.71 multiplied by M	£17,800
10,000 to 499,999	£1.89 multiplied by M	£27,100
500,000 or more	£1.43 multiplied by M	£945,000.

5.   This table relates to money purchase schemes for the financial year beginning with 1stApril 2021— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£32
12 to 99	£3.17 multiplied by M	Not applicable
100 to 999	£2.29 multiplied by M	£310
1,000 to 4,999	£1.78 multiplied by M	£2,290
5,000 to 9,999	£1.35 multiplied by M	£8,900
10,000 to 499,999	£0.95 multiplied by M	£13,500
500,000 or more	£0.72 multiplied by M	£475,000.

6.   This table relates to money purchase schemes for the financial year beginning with 1stApril 2022— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£38
12 to 99	£3.74 multiplied by M	Not applicable
100 to 999	£2.70 multiplied by M	£370
1,000 to 4,999	£2.11 multiplied by M	£2,700
5,000 to 9,999	£1.60 multiplied by M	£10,550
10,000 to 499,999	£1.12 multiplied by M	£16,000
500,000 or more	£0.85 multiplied by M	£560,000.

7.   This table relates to money purchase schemes for the financial year beginning with 1st April 2023— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£44
12 to 99	£4.32 multiplied by M	Not applicable
100 to 999	£3.12 multiplied by M	£430
1,000 to 4,999	£2.43 multiplied by M	£3,120
5,000 to 9,999	£1.85 multiplied by M	£12,150
10,000 to 499,999	£1.29 multiplied by M	£18,500
500,000 or more	£0.98 multiplied by M	£645,000.

8.   This table relates to Master Trust schemes for the financial year beginning with 1st April 2021— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£31
12 to 99	£3.02 multiplied by M	Not applicable
100 to 999	£2.18 multiplied by M	£300
1,000 to 4,999	£1.70 multiplied by M	£2,180
5,000 to 9,999	£1.29 multiplied by M	£8,500
10,000 to 499,999	£0.90 multiplied by M	£12,900
500,000 or more	£0.68 multiplied by M	£450,000.

9.   This table relates to Master Trust schemes for the financial year beginning with 1st April 2022— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£32
12 to 99	£3.08 multiplied by M	Not applicable
100 to 999	£2.23 multiplied by M	£300
1,000 to 4,999	£1.73 multiplied by M	£2,230
5,000 to 9,999	£1.32 multiplied by M	£8,650
10,000 to 499,999	£0.92 multiplied by M	£13,200
500,000 or more	£0.70 multiplied by M	£460,000.

10.   This table relates to Master Trust schemes for the financial year beginning with 1st April 2023— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£32
12 to 99	£3.14 multiplied by M	Not applicable
100 to 999	£2.27 multiplied by M	£310
1,000 to 4,999	£1.77 multiplied by M	£2,270
5,000 to 9,999	£1.34 multiplied by M	£8,850
10,000 to 499,999	£0.94 multiplied by M	£13,400
500,000 or more	£0.71 multiplied by M	£470,000.

PART 2 E+W+S PERSONAL PENSION SCHEMES

11.   This table relates to the financial year beginning with 1st April 2021— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to number of members (M)	Minimum amount of levy
2 to 11		£13
12 to 99	£1.21 multiplied by M	Not applicable
100 to 999	£0.85 multiplied by M	£120
1,000 to 4,999	£0.72 multiplied by M	£850
5,000 to 9,999	£0.48 multiplied by M	£3,600
10,000 to 499,999	£0.37 multiplied by M	£4,800
500,000 or more	£0.27 multiplied by M	£185,000.

12.   This table relates to the financial year beginning with 1st April 2022— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£13
12 to 99	£1.23 multiplied by M	Not applicable
100 to 999	£0.87 multiplied by M	£120
1,000 to 4,999	£0.74 multiplied by M	£870
5,000 to 9,999	£0.49 multiplied by M	£3,700
10,000 to 499,999	£0.37 multiplied by M	£4,900
500,000 or more	£0.28 multiplied by M	£185,000.

13.   This table relates to the financial year beginning with 1st April 2023— E+W+S

Number of members on the reference day	Amount of levy calculated by reference to the number of members (M)	Minimum amount of levy
2 to 11		£14
12 to 99	£1.25 multiplied by M	Not applicable
100 to 999	£0.88 multiplied by M	£120
1,000 to 4,999	£0.75 multiplied by M	£880
5,000 to 9,999	£0.50 multiplied by M	£3,750
10,000 to 499,999	£0.38 multiplied by M	£5,000
500,000 or more	£0.28 multiplied by M	£190,000.]