Have your say on our 2025/26 levy rules

Our levy consultation, which proposes changes to our levy rules for 2025/26, is now open to receive submissions.

A summary of our proposals:

• Keep the levy at £100 million, equalling the lowest levy ever 
• Reduce the levy scaling factor so that we don’t collect more than the £100 million planned, and increase the scheme-based levy multiplier, to ensure maximum utilisation of the scheme-based levy 
• Make it simpler for schemes to get levy credit for deficit reduction contributions, reflecting stakeholder feedback 

Submit your views 

Read more about our proposals and share your views by responding to the consultation.  

There are two versions of the consultation response form, short and long, that you can complete depending on your preference. 

The consultation closes at 5pm on Wednesday 23rd October.