---
title: "The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024"
id: 1251c314-f304-4f3b-a0ee-d6c5468bc8b0
authority: uk
place: "United Kingdom"
applies_also_from: []
kind: regulation
in_force: true
publisher_url: https://www.legislation.gov.uk/uksi/2024/274
attribution: "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
solon_url: https://solon.orangecat.ch/law/1251c314-f304-4f3b-a0ee-d6c5468bc8b0
language: en
in_force_from: 2024-04-01
date_basis: publisher
status: consolidated
source_url: https://www.legislation.gov.uk/uksi/2024/274/data.xml
read_on: 2026-11-10
sha256: 7f8bbc1da7fd72e205a77b7da88dec141394c8d7ec58e22e78c3b7926dce97c3
provisions: 3
---

# The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024

## Title and introductory text {#prelims}

2024 No. 274
PENSIONS
The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024
Made
1st March 2024
Laid before Parliament
4th March 2024
Coming into force
1st April 2024
The Secretary of State makes these Regulations in exercise of the powers conferred by sections 175(1) to (3) and 182(2) of the Pension Schemes Act 1993.
In accordance with section 185(1) of that Act, the Secretary of State has consulted such persons as the Secretary of State considers appropriate.

## 1 Citation, commencement and extent {#regulation-1}

(1) These Regulations may be cited as the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2024.
(2) These Regulations come into force on 1st April 2024.
(3) These Regulations extend to England and Wales and Scotland.

## 2 Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations 2005 {#regulation-2}

(1) The Schedule to the Occupational and Personal Pension Schemes (General Levy) Regulations 2005 (amount of the general levy) is amended as follows.
(2) For paragraph 2 substitute—
2 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2024—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £68
12 to 99 | £6.75 multiplied by M | Not applicable
100 to 999 | £4.88 multiplied by M | £669
1,000 to 4,999 | £3.79 multiplied by M | £4,876
5,000 to 9,999 | £2.89 multiplied by M | £18,947
10,000 to 499,999 | £2.01 multiplied by M | £28,898
500,000 or more | £1.52 multiplied by M | £1,004,998.
.
(3) For paragraph 3 substitute—
3 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2025—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £73
12 to 99 | £7.19 multiplied by M | Not applicable
100 to 999 | £5.19 multiplied by M | £712
1,000 to 4,999 | £4.04 multiplied by M | £5,185
5,000 to 9,999 | £3.07 multiplied by M | £20,196
10,000 to 499,999 | £2.14 multiplied by M | £30,697
500,000 or more | £1.62 multiplied by M | £1,069,998.
.
(4) For paragraph 4 substitute—
4 This table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2026—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £77
12 to 99 | £7.66 multiplied by M | Not applicable
100 to 999 | £5.53 multiplied by M | £759
1,000 to 4,999 | £4.30 multiplied by M | £5,525
5,000 to 9,999 | £3.27 multiplied by M | £21,496
10,000 to 499,999 | £2.28 multiplied by M | £32,697
500,000 or more | £1.73 multiplied by M | £1,139,998.
.
(5) For paragraph 5 substitute—
5 This table relates to money purchase schemes for the financial year beginning with 1st April 2024—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £47
12 to 99 | £4.60 multiplied by M | Not applicable
100 to 999 | £3.32 multiplied by M | £456
1,000 to 4,999 | £2.59 multiplied by M | £3,317
5,000 to 9,999 | £1.97 multiplied by M | £12,948
10,000 to 499,999 | £1.37 multiplied by M | £19,699
500,000 or more | £1.04 multiplied by M | £684,999.
.
(6) For paragraph 6 substitute—
6 This table relates to money purchase schemes for the financial year beginning with 1st April 2025—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £50
12 to 99 | £4.90 multiplied by M | Not applicable
100 to 999 | £3.54 multiplied by M | £486
1,000 to 4,999 | £2.76 multiplied by M | £3,537
5,000 to 9,999 | £2.10 multiplied by M | £13,798
10,000 to 499,999 | £1.46 multiplied by M | £20,998
500,000 or more | £1.11 multiplied by M | £729,999.
.
(7) For paragraph 7 substitute—
7 This table relates to money purchase schemes for the financial year beginning with 1st April 2026—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £53
12 to 99 | £5.22 multiplied by M | Not applicable
100 to 999 | £3.77 multiplied by M | £517
1,000 to 4,999 | £2.94 multiplied by M | £3,767
5,000 to 9,999 | £2.23 multiplied by M | £14,698
10,000 to 499,999 | £1.56 multiplied by M | £22,298
500,000 or more | £1.18 multiplied by M | £779,999.
.
(8) For paragraph 8 substitute—
8 This table relates to Master Trust schemes for the financial year beginning with 1st April 2024—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £34
12 to 99 | £3.34 multiplied by M | Not applicable
100 to 999 | £2.42 multiplied by M | £331
1,000 to 4,999 | £1.89 multiplied by M | £2,418
5,000 to 9,999 | £1.43 multiplied by M | £9,449
10,000 to 499,999 | £1.00 multiplied by M | £14,299
500,000 or more | £0.76 multiplied by M | £499,999.
.
(9) For paragraph 9 substitute—
9 This table relates to Master Trust schemes for the financial year beginning with 1st April 2025—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £36
12 to 99 | £3.56 multiplied by M | Not applicable
100 to 999 | £2.57 multiplied by M | £353
1,000 to 4,999 | £2.01 multiplied by M | £2,568
5,000 to 9,999 | £1.52 multiplied by M | £10,048
10,000 to 499,999 | £1.07 multiplied by M | £15,199
500,000 or more | £0.81 multiplied by M | £534,999.
.
(10) For paragraph 10 substitute—
10 This table relates to Master Trust schemes for the financial year beginning with 1st April 2026—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £39
12 to 99 | £3.79 multiplied by M | Not applicable
100 to 999 | £2.74 multiplied by M | £376
1,000 to 4,999 | £2.14 multiplied by M | £2,738
5,000 to 9,999 | £1.62 multiplied by M | £10,698
10,000 to 499,999 | £1.14 multiplied by M | £16,199
500,000 or more | £0.86 multiplied by M | £569,999.
.
(11) For paragraph 11 substitute—
11 This table relates to the financial year beginning with 1st April 2024—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £15
12 to 99 | £1.33 multiplied by M | Not applicable
100 to 999 | £0.94 multiplied by M | £132
1,000 to 4,999 | £0.80 multiplied by M | £940
5,000 to 9,999 | £0.53 multiplied by M | £4,000
10,000 to 499,999 | £0.40 multiplied by M | £5,300
500,000 or more | £0.30 multiplied by M | £200,000.
.
(12) For paragraph 12 substitute—
12 This table relates to the financial year beginning with 1st April 2025—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £16
12 to 99 | £1.42 multiplied by M | Not applicable
100 to 999 | £1.00 multiplied by M | £141
1,000 to 4,999 | £0.85 multiplied by M | £999
5,000 to 9,999 | £0.57 multiplied by M | £4,250
10,000 to 499,999 | £0.43 multiplied by M | £5,700
500,000 or more | £0.32 multiplied by M | £215,000.
.
(13) For paragraph 13 substitute—
13 This table relates to the financial year beginning with 1st April 2026—
Number of members on the reference day | Amount of levy calculated by reference to the number of members (M) | Minimum amount of levy
2 to 11 | £17
12 to 99 | £1.51 multiplied by M | Not applicable
100 to 999 | £1.06 multiplied by M | £150
1,000 to 4,999 | £0.91 multiplied by M | £1,059
5,000 to 9,999 | £0.60 multiplied by M | £4,550
10,000 to 499,999 | £0.46 multiplied by M | £6,000
500,000 or more | £0.34 multiplied by M | £230,000.
.