ARTICLE · 21 FEBRUARY 2024

PPF Publishes Levy Ceiling Order 2024

Norton Rose Fulbright Hong Kong

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The PPF has confirmed that it intends to collect an estimated £100m from eligible DB schemes for the 2024/25 financial year.

United KingdomEmployment and HR

Lesley Browning

Shane O'Reilly

On January 30, 2024, the PPF published its annual levy ceiling Order, which will apply from April 6, 2024.

The PPF has confirmed that it intends to collect an estimated £100m from eligible DB schemes for the 2024/25 financial year. This represents an 8.2 per cent increase over the previous year, due mainly to the growth in average weekly earnings in the year to July 2023. The levy funds the compensation the PPF provides to members of schemes with insolvent employers.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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