2008 No. 661
The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2008
Made
Laid before Parliament
Coming into force
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 175, 181(1) and 182(2) of the Pension Schemes Act 19931.
In accordance with section 185(1) of that Act2, he has consulted such persons as he considers appropriate.
Citation and commencement1
These Regulations may be cited as the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2008 and shall come into force on 1st April 2008.
Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations 20052
1
The Occupational and Personal Pension Schemes (General Levy) Regulations 20053 shall be amended in accordance with this regulation.
2
For regulation 6(2) (amount of the general levy: occupational pension schemes), substitute—
2
This is the table—
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
£33
12 to 99
£3.35 x M
100 to 999
£2.42 x M
£340
1,000 to 4,999
£1.88 x M
£2,420
5,000 to 9,999
£1.43 x M
£9,400
10,000 or more
£1.00 x M
£14,300.
3
For regulation 7(2) (amount of the general levy: personal pension schemes), substitute—
2
This is the table—
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
£14
12 to 99
£1.34 x M
100 to 999
£0.94 x M
£140
1,000 to 4,999
£0.81 x M
£940
5,000 to 9,999
£0.54 x M
£4,050
10,000 or more
£0.41 x M
£5,400.
Signed by authority of the Secretary of State for Work and Pensions.
(This note is not part of the Regulations)