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PPF proposes £100m as levy estimate for 2025/26

The Pension Protection Fund (PPF) has proposed a £100m levy estimate for 2025/26, the same as 2024/25, equalling the lowest levy ever set.

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. 

2025/26 levy year

We’re not charging a conventional PPF levy for this year. Find out more about our evolving policy here.  

2026/27 levy year

We’re not charging a conventional PPF levy for this year. Find out more about our evolving policy here.  

What it means to be a member of the PPF

Everything you need to know about being a member of the Pension Protection Fund.

Worried about your pension?

Find out how we protect members of defined benefit pension schemes and where you can get more information if you have any concerns. 

Strategy and priorities

Our strategy 2025-28 sets out our long-term vision for the next three years. 

Purple Book

Every year we publish the Purple Book, also known as the pensions universe risk profile. This is the most comprehensive data and analysis of the UK defined benefit pension landscape.

Schemes that are eligible for pre-97 inflation increases

This page lists PPF and FAS schemes that will be eligible to receive inflation increases on pre-97 benefits due to legislation in the Pension Schemes Act.

How we calculate the levy

The levy is made up of the scheme-based levy and the risk-based levy. Here we explain how we calculate each component.