In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:
The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005 and Regulation 21 sets out how this option may be exercised.
Invoices for this levy year will be issued in autumn 2022. Find out more information about our insolvency risk partner D&B, and how you can help shape our levy rules here.
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