We've confirmed a zero levy for 2026/27

Following our levy consultation, we’ve announced that we won’t charge conventional schemes a PPF levy next year (2026/27).  

We'll publish our policy statement and final rules for 2026/27 before the end of the current financial year.

We’ll continue to charge an ACS levy

We'll maintain an ACS (Alternative Covenant Schemes) levy next year, but the ACS charge is expected to be low for eligible levy payers. 
We’ve listened carefully to stakeholder feedback and are committed to ensuring the ACS levy remains proportionate to the risks posed.

New data requirements for schemes  

Following this decision, schemes are still legally required to submit an Annual Scheme Return submission in full via Exchange, including s179 valuations and asset backed contribution (ABC) information.

However, schemes no longer need to provide:

• Voluntary information that was previously submitted via Exchange solely to obtain a levy saving, including: deficit reduction contribution and contingent asset certifications.
• Any data previously submitted directly to the PPF – such as ABC certificates, contingent asset documents, special category employer (SCE) applications and Exempt Transfer evidence.

The D&B insolvency risk portal will close soon

From 1 April 2026, our insolvency risk portal will close. We recommend that schemes download from the portal any information they may require in the future by 31 March 2026.

Read our FAQs for more information

We've put together answers to the questions we expect schemes may have relating to this announcement.   

If you have any further questions you can contact our levy team.