The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2018

Made: 15th January 2018

Laid before Parliament: 16th January 2018

Coming into force in accordance with article 1(2)

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Citation, commencement and interpretation

1

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The earnings percentage

2

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The levy ceiling

3

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The compensation cap

4

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Revocation

5

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Signed

Signed by authority of the Secretary of State for Work and Pensions.

Guy Opperman — Parliamentary Under Secretary of State — Department for Work and Pensions — 15th January 2018

Explanatory note

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Footnotes

[^f00001]: 2004 c. 35. Paragraph 26A of Schedule 7 was inserted by paragraphs 1 and 3 of Schedule 20 to the Pensions Act 2014 (c. 19) and paragraph 27(2) of Schedule 7 was amended by paragraphs 4 and 6 of Schedule 20 to that Act. See also S.I. 2017/50 which set the levy ceiling for the financial year beginning on 1st April 2017.

[^f00002]: 1992 c. 5. Section 148(2) was amended by section 37 of the Child Support, Pensions and Social Security Act 2000 (c. 19).

[^f00003]: See section 178(4) of the Pensions Act 2004 and regulation 3 of S.I. 2006/2692 which provide that the review period is the period of 12 months ending with 31st July 2017.

[^f00004]: S.I. 2017/50.

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Editorial notes

[^key-d9901a0d133aa5cc1ff96a268634ca71]: Instrument revoked (1.4.2019) by The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order 2019 (S.I. 2019/159), art. 5