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The Occupational and Personal Pension Schemes (General Levy) Regulations 2005
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- UK Statutory Instruments
- 2005 No. 626
- Regulation 7
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Amount of the general levy: personal pension schemes
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7.—(1) The amount of the general levy payable for a financial year by virtue of regulation 3(2) in respect of a scheme with the number of members on the reference day that is specified in column 1 of the table in paragraph (2) 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, the amount specified for such a scheme in column 3.
(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 | £10.40 | |
| 12 to 99 | £1.00 x M | |
| 100 to 999 | £0.70 x M | £100 |
| 1,000 to 4,999 | £0.60 x M | £700 |
| 5,000 to 9,999 | £0.40 x M | £3,000 |
| 10,000 or more | £0.30 x M | £4,000 |
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