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What happens if we refuse to pay the 2009/10 invoice on time?


The Board of the Pension Protection Fund is required by law to raise a pension protection levy, under section 175 of the Pensions Act 2004.

Under section 181 of the Pensions Act 2004, the trustees of the scheme are required to pay this amount to the Board and the Board intends that the invoice and the supporting documentation issued with it will enable levy payers to meet their statutory obligations to pay this invoice immediately. If the trustees wish to query the amount of pension protection levy payable by the scheme, they must raise their query within 28 days of the date of this invoice by contacting the Pension Protection Fund and/or D&B using the contact details shown on the invoice. This deadline will be strictly applied, except in exceptional circumstances.

If no query is raised with the PPF within 28 days, the Board will begin rigorous debt collection activities

Published: Friday, October 16, 2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers;Pensions Professionals;Trustees
Levy Year: 09/10

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