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Levy rules for 2018/19

The following rules and guidance set out how we calculated the levy for the 2018/19 levy year. These were published following a consultation. The following rules and guidance�provide a detailed explanation of how we calculate the levy. The appendices and guidance documents include steps that schemes can take to ensure they receive credit for positive actions, such as certifying contingent assets or deficit reduction contributions.

Stewardship policy

The policy should be considered alongside our Statement of Investment Principles (SIP), our Climate Change Policy and our overall RI framework and strategy�The SIP is the written statement governing our decisions about investments, and reflects the objectives and timeframes of our current and future beneficiaries and stakeholders.�

special-category-employer-certficate

2021/22 levy year

Invoices for this levy year will be issued in autumn 2021. Find out more information about our insolvency risk partner D&B, and how you can shape our levy rules here. 

GMP Equalisation Adjustment Form

How your levy has been calculated for 2018/19 and what’s changed

The levy scaling factor (LSF) has been reduced to 0.48 The scheme based levy remains at 0.000021 x unstressed liabilities The risk based levy cap has been reduced to 0.5% (0.005000) x unstressed liabilities

2019/20 levy year

We issued invoices for this year in September 2019. Find out more information on how to pay and the levy rules here.

2020/21 levy year

Exempt Transfer Form – Self-segregation form

Exempt Transfer Form – 1 to 1 form