The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2022 (revoked)
This Order specifies the earnings percentage used to calculate the levy ceiling (article 3) and the amount of the levy ceiling (article 4) for use in relation to the Pension Protection Fund in the financial year beginning on 1st April 2022.
Lifecycle
Department
Made
28 Jan 2022
—
Comes into force
TBC
Enabling power
In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2021. It appears to the Secretary of State that the general level of earnings has increased by 7.2% during that period.
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