Paragraphs 26 and 27 of Schedule 7 of the Pensions Act 2004 set out the circumstances in which the compensation cap applies and how and when it should be increased. In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners. 

The information below is provided for advisers who still need to refer to previous calculation tables and factors.

The compensation cap was also used in valuation calculations required under Sections 179 and 143 of the Pensions Act 2004. You can find out more about how it was applied under these sections in our valuation guidance section. 

From 1 April 2013 up to and including 31 March 2014

From 1 April 2012 up to and including 31 March 2013

From 1 April 2011 up to and including 31 March 2012

From 1 April 2010 up to and including 31 March 2011

From 1 April 2009 up to and including 31 March 2010

From 1 January 2009 up to and including 31 March 2009

From 1 April 2008 up to and including 31 December 2008

From 1 April 2007 up to and including 31 March 2008

From 11 September 2006 up to and including 31 March 2007
 
From 1 April 2006 up to and including 10 September 2006
 
From 6 April 2005 up to and including 31 March 2006