2021 No. 38
The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order (Northern Ireland) 2021
Made
Coming into operation
This Order is made in exercise of the powers conferred by Articles 161 and 287(3) of the Pensions (Northern Ireland) Order 20051.
The Secretary of State for Work and Pensions has made an Order2 under section 178 of the Pensions Act 20043.
Accordingly the Department for Communities4 makes the following Order:
Citation and commencementI11
This Order may be cited as the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order (Northern Ireland) 2021 and shall come into operation on 31st March 2021.
The levy ceilingI22
For the purposes of Article 160 of the Pensions (Northern Ireland) Order 2005 (amounts to be raised by the pension protection levies), the levy ceiling for the financial year beginning on 1st April 2021 is £1,099,445,505.
RevocationI33
Article 2 of the Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling and Compensation Cap) Order (Northern Ireland) 20205 is revoked.
Sealed with the Official Seal of the Department for Communities on 16th February 2021
(This note is not part of the Order)