Pay your levy by direct debit
Did you know, you can now pay your levy by direct debit using Exchange? It's easy to set up and more convenient for both you and us.
Understanding your levy invoice
The Secretary of State for Work and Pensions sets the rate of the general levy each year.
The general levy is based on the total number of members in the scheme at the end of the scheme year before last.
You can update your scheme's membership using scheme maintenance in Exchange.
Here are some examples:
- Levy payable on 1 April 2009 would be based on the total number of members in the scheme at the scheme year-end that fell immediately before 1 April 2008.
- ABC Pension Scheme is a money purchase scheme and is being charged for the 2009 general levy. The membership figure of 600 members was taken as at the scheme year-end prior to 1 April 2008. The rate for this amount of members is 2.42 per member, therefore the total amount due will be 1,452.
The amount to be paid depends on the band which the scheme falls into and may be subject to a minimum amount per band.
To view previous years' bandings, please see the levy archive.
The bands are shown in the table below.
| Occupational schemes | Personal/stakeholder/group personal pension schemes | ||||
|---|---|---|---|---|---|
| Band | Number of members | General levy | Min payment per scheme | General levy | Min payment per scheme |
| 1 | 2-11 | 33 | 14 | ||
| 2 | 12-99 | 3.35 per member | 1.34 per member | ||
| 3 | 100-999 | 2.42 per member | 340 | 0.94 per member | 140 |
| 4 | 1,000-4,999 | 1.88 per member | 2,420 | 0.81 per member | 940 |
| 5 | 5,000-9,999 | 1.43 per member | 9,400 | 0.54 per member | 4,050 |
| 6 | 10,000 and over | 1.00 per member | 14,300 | 0.41 per member | 5,400 |
The Pensions Regulator collects the Pension Protection Fund administration levy on behalf of the Pension Protection Fund. This levy is calculated in the same way as the Pensions Regulator general levy but uses a different banding. The bands for the Pension Protection Fund administration levy are shown in the table below.
Please note that the Pensions Regulator does not have any involvement in the collection or calculation of the Pension Protection Fund risk and scheme-based levies.
To query eligibility in respect of payment of any Pension Protection Fund levies, please visit the Pension Protection Fund website.
| Band | Number of members | Amount of levy calculated by reference to number of members | Minimum amount of levy |
|---|---|---|---|
| 1 | 2-11 | 42 | |
| 2 | 12-99 | 4.33 per member | |
| 3 | 100-999 | 3.12 per member | 430 |
| 4 | 1,000-4,999 | 2.43 per member | 3,120 |
| 5 | 5,000-9,999 | 1.84 per member | 12,150 |
| 6 | 10,000 and over | 1.29 per member | 18,400 |