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ARTICLE · 01 FEBRUARY 2008

PPF Levy Deadlines Loom Into View

CMS Cameron McKenna Nabarro Olswang
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It's that time of year again - Christmas is a distant memory, and schemes have only two more months to meet the Pension Protection Fund (PPF) deadlines that are becoming part of the annual pensions calendar.

United KingdomEmployment and HR
Keith Webster
Keith Webster

It's that time of year again - Christmas is a distant memory, and schemes have only two more months to meet the Pension Protection Fund (PPF) deadlines that are becoming part of the annual pensions calendar. This LawNow is a reminder to schemes of the latest PPF position on the levy calculation, together with steps that trustees and employers should consider in order to benefit from possible levy reduction for 2008/09 and beyond.

The PPF's Position

On 29 November 2007 the PPF published its detailed proposals of how the levy will work from 2008/09.

Although the total levy which the PPF aims to collect for 2008/09 remains constant - at £675m - this does not mean "no change" for schemes:

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