The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2026

• Citation: S.I. 2026/83
• Sections: 5

Section 1 Citation, commencement and extent

(1) This Order may be cited as the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2026.

(2) This article and articles 2 and 3 come into force on 14th March 2026.

(3) Article 4 comes into force on 31st March 2026.

(4) Article 5 comes into force on 1st April 2026.

(5) This Order extends to England and Wales and Scotland.

Section 2 Interpretation

In this Order, “ the Act ” means the Pensions Act 2004.

Section 3 The earnings percentage

For the purposes of section 178(3)(a) of the Act (the levy ceiling), the percentage by which it appears to the Secretary of State that the general level of earnings has increased during the review period is 5%.

Section 4 The levy ceiling

For the purposes of section 177 of the Act (amounts to be raised by the pension protection levies), the levy ceiling for the financial year beginning on 1st April 2026 is £1,473,343,665.61.

Section 5 Revocation

The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025 is revoked.