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Will my payments increase?

On this page, you can find out more information about annual increases for PPF and FAS members.

How we’re funded

We raise the money we need to pay compensation to current and future PPF members, as well as for the costs of running the PPF, in four ways. 

We've confirmed a zero levy for 2026/27

Following our levy consultation, we’ve announced that we won’t charge conventional schemes a PPF levy next year (2026/27).

Introducing our member Benefit Modeller

Are you a member and thinking about retiring? Try our Benefit Modeller.  

Help for members with tax questions

As your payments from the PPF/FAS are a taxable benefit, HMRC tells us which tax code to apply and this determines how much tax is deducted. 

Board members

Our Board helps hold us accountable and makes sure we meet our aims now and in the future. It also performs some functions given to it by law, such as setting a levy on pension schemes.

Executive Committee members

Led by the CEO, our Executive Committee are responsible for the day-to-day running of the organisation.

Registering online for the first time

Registering for our member website is easy. Here’s what to expect.  

We've finalised our levy rules for 2026/27

We've published our levy policy statement and final rules for 2026/27, setting out the details of our earlier announcement that confirmed we won’t charge conventional schemes a PPF levy next year. 

How to use our Quote and Retire tool

The Quote and Retire tool on our member website is the quickest way to receive your money from us and avoids paperwork.