The PPF has published final details of the levy for 2011/2012. Schemes funded above 155 per cent (based on the PPF valuation basis) will not be subject to the risk-based levy. This is up from 140 per cent in the current year. There will be tapering for schemes funded up to 135 per cent with the full levy payable for schemes below that level. This will be based on scheme information which should have been submitted electronically through Exchange by 31 March 2010.
Schemes wishing to reduce their exposure to the risk-based levy by certifying or re-certifying contingent assets must do so by 31 March 2011. Any deficit reduction certificates must be filed with the PPF by 7 April 2011.
Click here for the PPF Levy Determination for 2011/2012.