2016/17 Levy Determination 


On 17 December 2015 the PPF published the final determination for the 2016/17 levy and associated documents. This comprises of the following:

The 2016/17 Levy Policy Statement

Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2016 – 31 March 2017
ABC Appendix
Contingent Asset Appendix   
DRC Appendix 
Insolvency Risk Appendix
Investment Risk Appendix
MFR Conversion Appendix 
Transfers Appendix
Transformation Appendix  


Guidance on ABCs
Guidance on Bespoke Investment Risk Calculation
Guidance on Block Transfers
Guidance on Contingent Assets
Guidance on Deficit Reduction Contributions
Guidance on Exclusion of Mortgages

 

The Contingent Asset agreements have not changed for 2016/17 except for a small change to the Type C(i),  and the links are provided here.

Form of Type A contingent asset - group company guarantee
Form of Type B(i) contingent asset - security over cash
Form 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 securities

Form 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)

The following Contingent Asset certificates for 2016/17 are samples and are published here for information only.

CA Certificate 2016/17 - Type A
CA Certificate 2016/17 - Type B(i)
CA Certificate 2016/17 - Type B(ii)
CA Certificate 2016/17 - Type B(iii)
CA Certificate 2016/17 - Type C(i)
CA Certificate 2016/17 - Type C(ii)

 

We are also publishing the following certificates:

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

Officer's Certificate - CRA Rating
Officer's Certificate - Immaterial Mortgage
Officer's Certificate - Pension Scheme Mortgage

Officer's Certificate - Refinancing Mortgage
Officer's Certificate - Rent Deposit


 

 

 

 

On 21 September 2015, the PPF published the consultation and draft determination for the 2016/17 levy. This comprises the following documents:

The 2016/17 Pension Protection Levy Consultation Document

Draft Determination under Section 175(5) of the Pensions Act 2004 in respect of the financial year 1 April 2016 – 31 March 2017
Draft ABC Appendix

Draft Contingent Asset Appendix
Draft DRC Appendix
Draft Insolvency Risk Appendix
Draft Investment Risk Appendix
Draft MFR Conversion Appendix
Draft Transfers Appendix
Draft Transformation Appendix

Draft Guidance on ABCs
Draft Guidance on Bespoke Investment Risk Calculation
Draft Guidance on Block Transfers

Draft Guidance on Contingent Assets
Draft Guidance on Deficit Reduction Contributions

Draft Guidance on Mortgage Exclusions

The consultation closed on 22 October.