
1 

(1) This Order may be cited as the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025.
(2) This article and articles 2 and 3 come into force on 14th March 2025.
(3) Article 4 comes into force on 31st March 2025.
(4) Article 5 comes into force on 1st April 2025.
(5) This Order extends to England and Wales and Scotland.
2 
In this Order, “the Act” means the Pensions Act 2004.
3 
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 4%.
4 
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 2025 is £1,403,184,443.44.
5 
The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2024 is revoked.
Signed by authority of the Secretary of State for Work and Pensions
Torsten Bell
Parliamentary Under Secretary of State
Department for Work and Pensions
30th January 2025