DWP proposes levy hike as funded bodies see 'continuing change and growth'

Kim Kaveh
clock • 2 min read

The Department for Work and Pensions (DWP) has proposed increasing the general levy on occupational and personal pension schemes from 1 April 2020.

In a consultation published on 18 October, the DWP said the proposed rise comes as the levy's cumulative surplus had, by the end of 2018, reduced to just over £2m from £24m in 2013. By the end of 2...

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