Statutory Instruments
2000 No. 542
PENSIONS
The Occupational and Personal Pension Schemes (Levy) Amendment Regulations 2000
Made
3rd March 2000
Laid before Parliament
9th March 2000
Coming into force
1st April 2000
The Secretary of State for Social Security, in exercise of powers conferred by sections 175(1) and (2), 181(1) and 182(2) and (3) of the Pension Schemes Act 1993( 1 ) and of all other powers enabling him in that behalf, having consulted such persons as he considers appropriate( 2 ), hereby makes the following Regulations:
Citation, commencement and interpretation
1. —(1) These Regulations may be cited as the Occupational and Personal Pension Schemes (Levy) Amendment Regulations 2000 and shall come into force on 1st April 2000.
(2) In these Regulations, “the principal Regulations” means the Occupational and Personal Pension Schemes (Levy) Regulations 1997 ( 3 ).
Amendment of regulation 2 of the principal Regulations
2. In regulation 2 of the principal Regulations (the general levy)–
(a) in paragraph (1), after the words “Regulatory Authority” insert the words “in connection with their functions in relation to occupational pension schemes”; and
(b) in paragraph (2), after the words “1993 Act” insert the words “ and of the Regulatory Authority in connection with their functions in relation to personal pension schemes”( 4 ).
Amendment of the Schedule to the principal Regulations
3. —(1) In Part I of the Schedule to the principal Regulations (amount of general levy—occupational pension schemes)–
(a) in sub-paragraph (a) for “£11.00” substitute “£12.00 ”;
(b) in sub-paragraph (b) for “£1.20” substitute “£1.25 ”;
(c) in sub-paragraph (c)(i) for “85p” substitute “90p”;
(d) in sub-paragraph (c)(ii) for “£120” substitute “£125 ”;
(e) in sub-paragraph (d)(i) for “69p” substitute “70p”;
(f) in sub-paragraph (d)(ii) for “£850” substitute “£900 ”; and
(g) in sub-paragraph (e)(ii) for “£3,450” substitute “£3,500 ”.
(2) In Part II of that Schedule (amount of general levy—personal pension schemes)–
(a) in sub-paragraph (a) for “£3.75” substitute “£5.20 ”;
(b) in sub-paragraph (b) for “35p” substitute “50p”;
(c) in sub-paragraph (c)(i) for “25p” substitute “35p”;
(d) in sub-paragraph (c)(ii) for “£35” substitute “£50 ”;
(e) in sub-paragraph (d)(i) for “20p” substitute “30p”;
(f) in sub-paragraph (d)(ii) for “£250” substitute “£350 ”;
(g) in sub-paragraph (e)(i) for “15p” substitute “20p”;
(h) in sub-paragraph (e)(ii) for “£1,000” substitute “£1,500 ”;
(i) in sub-paragraph (f)(i) for “10p” substitute “15p”; and
(j) in sub-paragraph (f)(ii) for “£1,500” substitute “£2,000 ”.
Signed by authority of the Secretary of State for Social Security.
Jeff Rooker
Minister of State,
Department of Social Security
3rd March 2000
1993 c. 48 ; section 175 was substituted by section 165 of the Pensions Act 1995 (c. 26) ; section 181(1) is cited for the definitions of “prescribe” and “regulations”.
See section 185(1) of the Pension Schemes Act 1993 (as amended by paragraph 46 of Schedule 3, and paragraph 80 of Schedule 5, to the Pensions Act 1995).
S.I. 1997/666 , as amended by S.I. 1998/600 and S.I. 1999/682 .
See section 9 of, and Schedule 1 to, the Welfare Reform and Pensions Act 1999 (c. 30) .