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 2020 up to and including 31 March 2021
From 1 April 2019 up to and including 31 March 2020
From 1 April 2018 up to and including 31 March 2019
From 1 April 2017 up to and including 31 March 2018
From 1 April 2016 up to and including 31 March 2017
From 1 April 2015 up to and including 31 March 2016
From 1 April 2014 up to and including 31 March 2015
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