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

Regulations 3(2) and 6(2)

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.