The Secretary of State has made an order confirming the compensation cap and levy ceiling for 2014/2015.

  • The compensation cap will increase to GBP 36,401.10 from 1 April 2014. This represents an increase of 4.4 percent and is in line with increases in earnings during the 2012/2013 tax year.
  • The overall PPF levy ceiling rose to GBP 941,958,542 for the year ending on 31 July 2013. This represents an increase in 0.9 percent and is in line with the increase in earnings for the year ending on 31 July 2013.