PPF plans 10% levy cut; two-thirds of schemes could see reduction

James Phillips
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The lifeboat fund said improvements in its funding level meant the levy could fall
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The lifeboat fund said improvements in its funding level meant the levy could fall

The Pension Protection Fund (PPF) will seek to collect £550m in levies from the industry in the 2018/19 tax year, it has announced, down more than 10% from 2017/18.

The lifeboat fund said its strong funding position meant it could reduce the levy scaling factor (LSF) to 0.48, despite a backdrop of low interest rates and the potential impact of Brexit. It added...

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