Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations 2005
This section has no associated Explanatory Memorandum
2.—(1) The Occupational and Personal Pension Schemes (General Levy) Regulations 2005(1) 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.”. |
(1)