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ARTICLE · 19 SEPTEMBER 2024

PPF Publishes Consultation On Draft Levy Rules For 2025-26

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The Pension Protection Fund (PPF) is consulting on 2025-26 levy rule changes, targeting a £100 million levy, simplifying processes for some schemes, and adjusting risk-based levy calculations to maintain fair distribution and future flexibility.

United KingdomEmployment and HR
Edward Russell
Edward Russell
Maria Protopapa
Maria Protopapa

The PPF consults on changes to levy rules for 2025-26, including measures to simplify processes for some schemes and ensure that risk-based levies continue to be shared across levy payers.

The Pension Protection Fund (PPF) published its consultation on the levy rules for the 2025-26 levy (to be invoiced in autumn 2025) yesterday. The PPF expects to collect a total levy of £100 million, which equals its lowest ever target and is in line with last year. The distribution of the total levy between schemes would change slightly based on the proposals, but the PPF expects only 5% of schemes that pay a risk-based levy to see an increase of more than 0.01% of their liabilities.

A levy collection target of £100 million is in line with expectations. Given restrictions in legislation on the PPF's ability to increase the levy from one year to the next, the PPF stated last year that it planned for the collection target to remain "at or above £100 million in future years" –

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