#2026/43Emeklilik Koruma Fonu ve Mesleki Emeklilik Planları (Levy Tavanı) Emri (Kuzey İrlanda) 2026
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law sets the maximum amount that can be charged as a levy for pension schemes in Northern Ireland for the financial year starting on April 1, 2026. It affects occupational pension schemes that are required to pay this levy to the Pension Protection Fund. This helps ensure that pension schemes are adequately funded to protect members' benefits.
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Key Changes
- Establishes a levy ceiling for the financial year 2026-2027
- Aligns with provisions from the Pensions Act 2004
- Specifies requirements for occupational pension schemes in Northern Ireland
Obligations
What this law requires
Occupational pension schemes must not charge a levy to the Pension Protection Fund that exceeds the levy ceiling specified for the financial year beginning 1st April 2026
Pension Protection Fund administrators must apply the levy ceiling limit when calculating and collecting levies from occupational pension schemes for the financial year starting 1st April 2026
Occupational pension schemes subject to Pension Protection Fund levy obligations must ensure their levy payments comply with the ceiling established under Article 160 of the Pensions (Northern Ireland) Order 2005