PPF confirms significant reduction in levy

Lifeboat fund says almost all schemes are expected to pay less levy next year

Martin Richmond
clock • 2 min read
Morley: "We are grateful for the feedback on our proposals for next year’s levy rules"
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Morley: "We are grateful for the feedback on our proposals for next year’s levy rules"

The Pension Protection Fund (PPF) has announced the final levy rules for 2023/24 and confirmed that the overwhelming majority of schemes can expect to see a substantial reduction in the levy they pay.

In its policy statement, published today (13 December), the lifeboat fund said its levy estimate for 2023/24 will be £200m, a reduction of almost half in the levy schemes can expect to pay in the c...

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