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On 18 December 2014, the PPF published the final determination for the 2015/16 levy and associated documents*. This comprises of the following:
The 2015/16 Levy Policy Statement
Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2015 – 31 March 2016ABC Appendix Contingent Asset Appendix DRC Appendix Insolvency Risk AppendixInvestment Risk Appendix MFR Conversion Appendix Transfers Appendix Transformation Appendix
Levy Practice Guidance Guidance on ABCsGuidance on Bespoke Investment Risk CalculationGuidance on Block Transfers Guidance on Contingent AssetsGuidance on Exclusion of Mortgages
Form of Type A contingent asset - group company guaranteeForm of Type B(i) contingent asset - security over cashForm of Type B(ii)EW contingent asset - security over real estate (England and Wales)Form of Type B(ii)S contingent asset - security over real estate (Scotland)Form of Type B(ii)NI contingent asset - security over real estate (Northern Ireland)Form of Type B(iii) contingent asset - security over securitiesForm of Type C(i) contingent asset - letter of credit/bank guarantee (evergreen)Form of Type C(ii) contingent asset - letter of credit/bank guarantee (reducing balance)
ABC Certificate - The ABC certificate should be downloaded and completed onscreen – clicking on the ‘Submit’ button will then generate an email to send the data back to the PPF.
We maintain a series of FAQs specific to the 2015/16 levy year. We are adding to these as we identify issues or where they are raised with us by stakeholders. Please click on the topics below:
*(minor changes were made to the Determination on 12 March 2015 and more details can be found here)
On 6 October 2014, the PPF published the consultation and draft determination for the 2015/16 levy. This comprises the following documents:
The Triennium Policy Statement and 2015/16 Pension Protection Levy Consultation Document
Draft Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2015 – 31 March 2016Draft ABC Appendix Draft Contingent Asset Appendix Draft DRC Appendix Draft Insolvency Risk AppendixDraft Investment Risk Appendix Draft MFR Conversion Appendix Draft Transfers Appendix Draft Transformation Appendix
Draft Levy Practice Guidance Draft Guidance on ABCsDraft Guidance on Bespoke Investment Risk CalculationDraft Guidance on Contingent AssetsDraft Guidance on Block Transfers
We are also publishing the following certificates:
Officer's Certificate - CRA RatingOfficer's Certificate - Pension Scheme MortgageOfficer's Certificate - Refinancing MortgageOfficer's Certificate - Rent depositSample ABC Certificate