🔆 📖 ➕ 👤

Statutory Instruments

2006 No. 742

PENSIONS

The Occupational Pension Schemes (Levy Ceiling) Order 2006

Made

13th March 2006

Coming into force in accordance with article 1

This Order is made in exercise of the powers conferred by sections 178(1) and 315(2) of the Pensions Act 2004( 1 ).

A draft of this instrument has been laid before Parliament in accordance with section 316(2)(f) of that Act and approved by a resolution of each House of Parliament.

Accordingly the Secretary of State for Work and Pensions, with the approval of the Treasury( 2 ), makes the following Order:

Citation and commencement

1. This Order may be cited as the Occupational Pension Schemes (Levy Ceiling) Order 2006 and shall come into force on the day after the day on which it is made.

The levy ceiling

2. For the purposes of section 177 of the Pensions Act 2004 (amounts to be raised by the pension protection levies), the levy ceiling for the financial year beginning on 1st April 2006 is £775,000,000.

Signed by authority of the Secretary of State for Work and Pensions.

Stephen C. Timms

Minister of State,

Department for Work and Pensions

13th March 2006

We approve.

Dave Watts

Vernon Coaker

Two of the Lords Commissioners of Her Majesty’s Treasury

13th March 2006

( 1 )

2004 c. 35 .

( 2 )

See section 178(2) of the Pensions Act 2004 which provides that an order under subsection (1) in respect of the first financial year for which levies are imposed under section 175 may be made only with the approval of the Treasury.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Occupational Pension Schemes (Levy Ceiling) Order 2006 (2006/742)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
Defined TermSection/ArticleIDScope of Application
Changes that affect Made by
Sort descending by Changed Legislation Sort descending by Year and Number Changed Provision Type of effect Sort descending by Affecting Legislation Title Sort descending by Year and Number Affecting Provision Sort descending by Changes made to website text Note
The Occupational Pension Schemes (Levy Ceiling) Order 2006 2006 No. 742 Order revoked The Occupational Pension Schemes (Levy Ceiling) Order 2007 2007 No. 1012 art. 3 Not yet

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.