22nd December 2020

PPF small scheme adjustment is small beer

Last week, the PPF confirmed the “small scheme adjustment” put forward in its consultation for the 2021/22 levy year will be introduced as proposed. This will halve risk-based levies for schemes with liabilities of less than £20 million, with a tapering of the adjustment applying to schemes with liabilities of up to £50 million.

This welcome adjustment will benefit thousands of small schemes next year, but will be modest compared to the 90%+ reduction that could be achieved by joining Stoneport – just one of a number of transformational benefits that Stoneport can bring.