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The Occupational Pension Schemes (Levies) Regulations 2005

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The amount payableE+W+S

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6.—(1) In the case of the administration levy, the amount payable for a financial year in respect of a scheme with the number of members on the reference day that is specified in column 1 of the table for that levy for that year is—

(a)the amount specified for such a scheme in column 2 of the table (where M is the number of the scheme's members on the reference day); or

(b)if no amount is so specified or an amount which is greater is specified for such a scheme in column 3 of the table, that amount.

[F1(2) This is the table for the administration levy for the financial year ending with 31st March 2018 and for each financial year after that—

Column 1

Number of members on the reference day

Column 2

Amount of levy calculated by reference to number of members (M)

Column 3

Minimum amount of levy

2 to 11£49
12 to 99£4.88 multiplied by M
100 to 999£3.52 multiplied by M£490
1,000 to 4,999£2.74 multiplied by M£3,520
5,000 to 9,999£2.07 multiplied by M£13,700
10,000 or more£1.45 multiplied by M£20,700]

(3) If, in any case where the reference day is determined in accordance with regulation 5(2) (31st March 2005), the number of members of the scheme on that day differs from the number according to the register compiled and maintained under regulations made under section 6 of the 1993 Act, the number according to that register is to be taken as the number on that day for the purposes of these Regulations.

(4) For schemes that are eligible schemes for only part of the financial year, see regulation 7.

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