What are asset backed contributions?

Asset backed contributions (ABCs) are arrangements that result in regular payments to the scheme, typically from an underlying asset used by the sponsoring employer.

How ABCs can reduce the levy

Providing certain requirements are met, ABCs can reduce the amount of risk-based levy your scheme will pay.

To have the ABC value taken into account in the levy, you’ll need to go through a number of steps.

As valuing ABC assets can be complex, please read our guidance on ABCs to make sure you meet the requirements.

How to certify ABCs

The trustee must certify the ABC value, ABC payments and actual s179 ABC amount annually and e-mail [email protected] a certificate with any supporting documents to the PPF by midnight on 31 March.

Where a scheme has more than one ABC arrangement, a separate ABC certificate must be completed for each one.

We’ll then use the relevant amounts (e.g. the ABC value, the ABC payments and the s179 ABC amount) in our levy calculations.