PPF drops total levy
take by 10% - but the largest companies could still see significant levy increases
Our viewpoint
29 September 2017
Most of the proposals from the March consultation (see News Alert 2017/06) have been carried forward and confirmed in the new policy.
Whilst the headline estimated total levy is falling by just over 10% to £550 million for the 2018/19 levy season, which will result in levy reductions for many, some of the biggest companies sponsoring pension schemes will see significant increases in their levy. The PPF is also consulting on its latest levy proposals that could take away the levy savings employers remaining in the top Levy Band, Band 1, were expecting to see.