We've confirmed a zero levy for conventional schemes for 2026/27. For more information about this change, view our announcement and FAQs.
Our levy webpages will be updated in due course after the 31 March 2026, in line with the 2026/27 levy rules taking effect.
Our levy webpages will be updated in due course after the 31 March 2026, in line with the 2026/27 levy rules taking effect.
What is the levy and who pays it?
The levy enables us to protect millions of members of defined benefit pension schemes. Paid by all eligible schemes, it helps protects their members if the sponsoring employer becomes insolvent.