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(1) These Regulations may be cited as the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2020 and shall come into operation on 1st April 2020.
(2) The Interpretation Act (Northern Ireland) 1954 shall apply to these Regulations as it applies to an Act of the Assembly.
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(1) The Occupational and Personal Pension Schemes (General Levy) Regulations (Northern Ireland) 2005 are amended in accordance with paragraphs (2) and (3).
(2) In regulation 5 (amount of the general levy: occupational pension schemes) for the Table substitute—“

Column 1 Column 2 Column 3
Number of members on the reference day Amount of levy calculated by reference to number of members (M) Minimum amount of levy
2 to 11  £75
12 to 99 £3∙17 x M £75
100 to 999 £2∙29 x M £310
1,000 to 4,999 £1∙78 x M £2,290
5,000 to 9,999 £1∙35 x M £8,900
10,000 to 499,999 £0∙95 x M £13,500
500,000 or more £0∙72 x M £475,000”
(3) In regulation 6 (amount of the general levy: personal pension schemes) for the Table substitute—“

Column 1 Column 2 Column 3
Number of members on the reference day Amount of levy calculated by reference to number of members (M) Minimum amount of levy
2 to 11  £30
12 to 99 £1∙27 x M £30
100 to 999 £0∙89 x M £130
1,000 to 4,999 £0∙76 x M £890
5,000 to 9,999 £0∙51 x M £3,800
10,000 to 499,999 £0∙39 x M £5,100
500,000 or more £0∙29 x M £195,000”
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The Occupational and Personal Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2012 are revoked.
Sealed with the Official Seal of the Department for Communities on 10th March 2020
(L.S.)Anne McCleary
A senior officer of the Department for Communities
