Pensions Citation, commencement and interpretation 1 1 These Regulations may be cited as the Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations (Northern Ireland) 2024 and shall come into operation on 1st April 2024. 2 The Interpretation Act (Northern Ireland) 1954 shall apply to these Regulations as it applies to an Act of the Assembly. Amendment of the Occupational and Personal Pension Schemes (General Levy) Regulations 2 1 The Schedule to the Occupational and Personal Pension Schemes (General Levy) Regulations (Northern Ireland) 2005 (amount of the general levy) is amended in accordance with paragraphs (2) to (13). 2 For paragraph 2 substitute— 2 The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2024. TABLE 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 £68 12 to 99 £6∙75 x M Not applicable 100 to 999 £4∙88 x M £669 1,000 to 4,999 £3∙79 x M £4,876 5,000 to 9,999 £2∙89 x M £18,947 10,000 to 499,999 £2∙01 x M £28,898 500,000 or more £1∙52 x M £1,004,998 3 For paragraph 3 substitute— 3 The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2025. TABLE 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 £73 12 to 99 £7∙19 x M Not applicable 100 to 999 £5∙19 x M £712 1,000 to 4,999 £4∙04 x M £5,185 5,000 to 9,999 £3∙07 x M £20,196 10,000 to 499,999 £2∙14 x M £30,697 500,000 or more £1∙62 x M £1,069,998 4 For paragraph 4 substitute— 4 The following Table relates to defined benefits schemes and hybrid schemes for the financial year beginning with 1st April 2026. TABLE 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 £77 12 to 99 £7∙66 x M Not applicable 100 to 999 £5∙53 x M £759 1,000 to 4,999 £4∙30 x M £5,525 5,000 to 9,999 £3∙27 x M £21,496 10,000 to 499,999 £2∙28 x M £32,697 500,000 or more £1∙73 x M £1,139,998 5 For paragraph 5 substitute— 5 The following Table relates to money purchase schemes for the financial year beginning with 1st April 2024. TABLE 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 £47 12 to 99 £4∙60 x M Not applicable 100 to 999 £3∙32 x M £456 1,000 to 4,999 £2∙59 x M £3,317 5,000 to 9,999 £1∙97 x M £12,948 10,000 to 499,999 £1∙37 x M £19,699 500,000 or more £1∙04 x M £684,999 6 For paragraph 6 substitute— 6 The following Table relates to money purchase schemes for the financial year beginning with 1st April 2025. TABLE 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 £50 12 to 99 £4∙90 x M Not applicable 100 to 999 £3∙54 x M £486 1,000 to 4,999 £2∙76 x M £3,537 5,000 to 9,999 £2∙10 x M £13,798 10,000 to 499,999 £1∙46 x M £20,998 500,000 or more £1∙11 x M £729,999 7 For paragraph 7 substitute— 7 The following Table relates to money purchase schemes for the financial year beginning with 1st April 2026. TABLE 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 £53 12 to 99 £5∙22 x M Not applicable 100 to 999 £3∙77 x M £517 1,000 to 4,999 £2∙94 x M £3,767 5,000 to 9,999 £2∙23 x M £14,698 10,000 to 499,999 £1∙56 x M £22,298 500,000 or more £1∙18 x M £779,999 8 For paragraph 8 substitute— 8 The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2024. TABLE 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 £34 12 to 99 £3∙34 x M Not applicable 100 to 999 £2∙42 x M £331 1,000 to 4,999 £1∙89 x M £2,418 5,000 to 9,999 £1∙43 x M £9,449 10,000 to 499,999 £1∙00 x M £14,299 500,000 or more £0∙76 x M £499,999 9 For paragraph 9 substitute— 9 The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2025. TABLE 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 £36 12 to 99 £3∙56 x M Not applicable 100 to 999 £2∙57 x M £353 1,000 to 4,999 £2∙01 x M £2,568 5,000 to 9,999 £1∙52 x M £10,048 10,000 to 499,999 £1∙07 x M £15,199 500,000 or more £0∙81 x M £534,999 10 For paragraph 10 substitute— 10 The following Table relates to Master Trust schemes for the financial year beginning with 1st April 2026. TABLE 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 £39 12 to 99 £3∙79 x M Not applicable 100 to 999 £2∙74 x M £376 1,000 to 4,999 £2∙14 x M £2,738 5,000 to 9,999 £1∙62 x M £10,698 10,000 to 499,999 £1∙14 x M £16,199 500,000 or more £0∙86 x M £569,999 11 For paragraph 11 substitute— 11 The following Table relates to personal pension schemes for the financial year beginning with 1st April 2024. TABLE 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 £15 12 to 99 £1∙33 x M Not applicable 100 to 999 £0∙94 x M £132 1,000 to 4,999 £0∙80 x M £940 5,000 to 9,999 £0∙53 x M £4,000 10,000 to 499,999 £0∙40 x M £5,300 500,000 or more £0∙30 x M £200,000 12 For paragraph 12 substitute— 12 The following Table relates to personal pension schemes for the financial year beginning with 1st April 2025. TABLE 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 £16 12 to 99 £1∙42 x M Not applicable 100 to 999 £1∙00 x M £141 1,000 to 4,999 £0∙85 x M £999 5,000 to 9,999 £0∙57 x M £4,250 10,000 to 499,999 £0∙43 x M £5,700 500,000 or more £0∙32 x M £215,000 13 For paragraph 13 substitute— 13 The following Table relates to personal pension schemes for the financial year beginning with 1st April 2026. TABLE 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 £17 12 to 99 £1∙51 x M Not applicable 100 to 999 £1∙06 x M £150 1,000 to 4,999 £0∙91 x M £1,059 5,000 to 9,999 £0∙60 x M £4,550 10,000 to 499,999 £0∙46 x M £6,000 500,000 or more £0∙34 x M £230,000 Sealed with the Official Seal of the Department for Communities on 6th March 2024 (L.S.) David Tarr A senior officer of the Department for Communities