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Introduction to the levy

Similar to an insurance premium, the amount of levy each scheme pays is primarily based on the risk of its sponsoring employer becoming insolvent. A small portion of the levy we collect is based on the size of the scheme. 

Understanding your invoice

Find out how we get information about your scheme and download our levy guide to help you understand your invoice.

Is your scheme eligible?

Almost all defined benefit occupational pension schemes, and schemes that have defined benefit elements, are eligible.

Receiving your invoice electronically

Keep track of your levy invoices more efficiently with paperless invoicing.

Help paying your levy

Struggling to pay your levy? Find out if you can pay by instalment or apply for an extension of terms.

Request a levy review

If you think we have made a mistake, your scheme trustees or authorised representatives can raise a review.

How to pay your levy

You have 28 days to pay the levy after receiving your invoice. Find out how to pay the levy.

Applying for a levy waiver

In limited circumstances, the Board can waive the levy. Find out more about levy waivers and how to apply for one here.