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What are deficit reduction contributions?

Deficit reduction contributions are extra payments you can make to reduce the shortfall of funding in a pension scheme. These could form part of a recovery plan, or be additional to that.

The DWP's review of PPF published

A range of industry stakeholders were also interviewed as part of the review, including trade bodies, schemes, experts, and government officials, ensuring a wide range of perspectives and opinions were considered.

David Atkinson joins PPF board as Non-Executive Director

PPF Chair, Kate Jones said: “I’m delighted that David has joined our Board, bringing his extensive finance and risk management expertise, gained in both his executive and non-executive careers, to support our journey as we approach the next phase of our strategic plan and embrace the recommendations of DWP’s recent review.”

Insolvency risk scores

Use our portal to check the insolvency risk scores used to calculate your levy invoice.

Is your scheme eligible?

Almost all defined benefit occupational pension schemes, and schemes that have defined benefit elements, are eligible.

PPF confirms significant reduction in levy

PPF confirms significant reduction in levy following widespread support for consultation proposals on rules for 2023/24

We’ve published our levy rules for 2023/24

Our consultation setting out our plans for the 2023/24 levy rules closed on 10 November. Today we’ve published our policy statement with the formal levy rules.

How we set the levy rules

The framework for the levy rules is set out in legislation (Pensions Act 2004). We review and consult on how we apply these rules each year. 

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.

Levy payment plan request form

If you'd like to apply to pay your levy by instalments complete the form below within 28 days of receiving your invoice.