Ways to reduce the levy

What are contingent assets?

Contingent assets are arrangements that can be put in place to support the level of scheme funding, particularly in the event of employer insolvency.
What are deficit reduction contributions?

Deficit reduction contributions are extra payments you can make to reduce the shortfall of funding in a pension scheme. These could form part of a recovery plan, or be additional to that.
What are asset backed contributions?

Asset backed contributions are regular payments to the scheme that derive from an underlying asset.
How to certify contingent assets

You’ll need to certify your contingent assets on The Pension Regulator's Exchange system by midnight on 31 March.
How to certify deficit reduction contributions

Deficit reduction contributions must have been made by 31 March and then certified on The Pension Regulator's Exchange system by the end of April.
Self-certifying deficit reduction contributions

Deficit reduction contributions, must have been made by 31 March and then certified on The Pension Regulator's Exchange system by the end of April.