The Occupational and Personal Pension Schemes (Levy) Regulations (Northern Ireland) 1997

Regulations 3(2) and 6(2)

SCHEDULE Amount of the General Levy and Maximum Amount per Member of the Compensation Levy

Part I

The amount of the general levy in the case of registrable occupational pension schemes shall be calculated by reference to the following sub-paragraphs—

(a) where the total membership of the scheme is at least 2 but not greater than 11, £8·75;

(b) where the total membership of the scheme is at least 12 but not greater than 99, the amount calculated by multiplying £1·05 by the total membership of the scheme;

(c) where the total membership of the scheme is at least 100 but not greater than 999, the greater of—

(i) the amount calculated by multiplying 75p by the total membership of the scheme; or

(ii) £105;

(d) where the total membership of the scheme is at least 1,000 but not greater than 4,999, the greater of—

(i) the amount calculated by multiplying 60p by the total membership of the scheme; or

(ii) £750;

(e) where the total membership of the scheme is at least 5,000 but not greater than 9,999, the greater of—

(i) the amount calculated by multiplying 45p by the total membership of the scheme; or

(ii) £3,000;

(f) where the total membership of the scheme is 10,000 or over, the greater of—

(i) the amount calculated by multiplying 30p by the total membership of the scheme; or

(ii) £4,500.

Part II

The amount of the general levy in the case of registrable personal pension schemes shall be calculated by reference to the following sub-paragraphs—

(a) where the total membership of the scheme is at least 2 but not greater than 11, £3·60;

(b) where the total membership of the scheme is at least 12 but not greater than 99, the amount calculated by multiplying 30p by the total membership of the scheme;

(c) where the total membership of the scheme is at least 100 but not greater than 999, the greater of—

(i) the amount calculated by multiplying 21p by the total membership of the scheme; or

(ii) £30;

(d) where the total membership of the scheme is at least 1,000 but not greater than 4,999, the greater of—

(i) the amount calculated by multiplying 17p by the total membership of the scheme; or

(ii) £210;

(e) where the total membership of the scheme is at least 5,000 but not greater than 9,999, the greater of—

(i) the amount calculated by multiplying 12p by the total membership of the scheme; or

(ii) £850;

(f) where the total membership of the scheme is 10,000 or over, the greater of—

(i) the amount calculated by multiplying 8p by the total membership of the scheme; or

(ii) £1,200.

Part III

The maximum amount per member of the compensation levy is 23p.