These pages contain information about the Pension Protection Levy, which the PPF raises annually, and is paid by eligible schemes. Latest developments are featured below, and more information can be found in the subsections listed to the right of this page. Latest News - 25 September 2008The PPF has today published a consultation document outlining its proposals for the 2009/10 pension protection levy including the proposed Levy Estimate and Levy Scaling Factor. A draft determination, containing the technical rules for calculating the levy, has been published alongside it. The consultation will last four weeks. The 2009/10 Pension Protection Levy Consultation Draft Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2009 – 31 March 2010
30 May 2008 - Levy Scaling Factor
In respect of the financial year 1 April 2008 - 31 March 2009 the levy scaling factor shall be 3.77 and the scheme based levy multiplier shall be 0.000165 in accordance with the Board of the Pension Protection Fund's determination under section 175(5) of the Pensions Act 2004 View the levy scaling factor press release
19 Feb 2008 - The PPF has published:The Board’s determination for the 2008/09 levy year To accompany this, we have published an information note confirming our 2008/09 policy and an open letter to stakeholders: Information note Open letter to stakeholders Voluntary certificates for 2008/09 and updated contingent asset guidance are also now available.
29 Nov 2007 - The PPF has published: The Response to the August 2007 Pension Protection Levy Consultation This document sets out our thinking on the future of the levy, and contains the draft determination for the 2008-09 levy . To accompany this document, we have issued a press release and two factsheets and have updated our levy FAQs: Press Release - PPF Shares Levy More Fairly Across Schemes
Factsheet - The Pension Protection Levy Policy for 2008-09 to 2010-11
Factsheet - The Pension Protection Levy - Facts and Figures 2006-2007
12 Oct 2007 - Invoicing of the 2007-08 levy began today. Please see our invoicing pages for more information
12 Sep 2007 - If you missed the recent levy seminars, then the slides from the series of events held in September 2007 can now be viewed.
8 Aug 2007 - We published ‘The consultation on the development of the pension protection levy – August 2007’,
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