FEES 7 Annex 1 79911Money advice CFEB levy for the period from 1 April 2018 to 31 March 201913
Part 1
This table shows the money advice 13CFEB levy 13applicable to each activity group (fee-block)
12 | ||||
A.1 |
12 | |||
Band Width (£4 million of Modified Eligible Liabilities (MELs)) |
104 | |||
>10 4 |
1.54714 47799101311 |
477991011 | ||
12 | ||||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
3 | ||||
A.2 |
12 | 12 | ||
Band Width (no. of mortgages and/or home finance transactions) |
10 | 104 | ||
>50 4 |
0.59314 7799131110 |
77991110 | ||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.3 |
Gross written premium for fees purposes (GWP)14 |
|||
>0.5 4 |
31.2814 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
PLUS |
||||
Best estimate liabilities for fees purposes (BEL)14 |
||||
Fee10 (£/£m of part £m4 of BEL14) 4 |
||||
>1 4 |
1.7214 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.4 |
Gross written premium for fees purposes (GWP)14 |
|||
Fee10 (£/£m or part £m of GWP14)4 4 |
||||
>1 4 |
20.48114 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
PLUS |
||||
Best estimate liabilities for fees purposes (BEL)14 |
||||
Fee10 (£/£m or part £m 4 of BEL14) 4 |
||||
>1 4 |
0.642314 477991011 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.5 |
Band Width (£4 million of Active Capacity (AC)) |
Fee10 ((£/£m or part £m4 of AC) 4 |
||
>50 4 |
0.009 4779 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.6 |
Flat levy |
0.009 4779 |
||
A.7 |
For class 1(c),7(2)9, 9 (3) 9and (4) 9firms10: 79 |
|||
Band Width (£4 million of Funds under Management (FuM)) |
Fee10 (£/£m of part £m4 of FuM) 4 |
|||
>10 4 |
0.16214 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%. |
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For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%. |
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Class 1(A), (B) and (C) firms are defined in 16FEES 4 Annex 1A16.14 |
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A.9 |
Band Width (£4 million of Gross Income (GI)) |
Fee10 (£/£m of part £m4 of GI) 4 |
||
>1 4 |
92.4814 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.10 |
Band Width (no. of traders) |
|||
>14 4 |
148.4314 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.13 |
For class (2) firms |
|||
Band Width (£ thousands of annual income (AI))4 4 |
Fee (£/£ thousand or part £ thousand of AI)4 4 |
|||
>1004 4 |
0.071514 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
For a professional firm in A.13 the fee is calculated as above less 10%. |
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A.14 |
Band Width (£ thousands of annual income (AI))4 4 |
Fee (£/£ thousand or part £ thousand of AI)4 4 |
||
> 1004 4 |
0.03114 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.18 |
Fee10 ((£/£ thousand or part £4 thousand of AI) 4 |
|||
>1004 4 |
0.21114 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
A.19 |
Fee10 (£/£ thousand or part £4 thousand of AI) 4 |
|||
>1004 4 |
0.03814 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
5A.21 |
Band Width (£ client money) (CM) held |
Fee (£/£ millions or part £ million of CM) |
||
less than £1 million7 7 |
2.2114 77991110 |
|||
an amount equal to or greater than £1 million but less than or equal to £1 billion |
1.6614 77991110 |
|||
more than £1 billion7 7 |
1.1114 77991110 |
|||
PLUS |
||||
Band Width (£ safe custody assets) (CA) held |
Fee (£/£ millions or part £ million of CA) |
|||
less than £10 million7 7 |
0.00814 77991110 |
|||
an amount equal to or greater than £10 million and less than or equal to £100 billion |
0.00614 77991110 |
|||
more than £100 billion7 7 |
0.00414 77991110 |
|||
G.3 |
Minimum fee (£4) |
10 |
||
£ thousands or part £ thousand of Relevant Income4 4 |
Fee (£/£thousand or part £ thousand of Relevant Income)4 4 |
|||
>100 |
0.029314 477991110 |
|||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
4 | 4 | |||
G.4 |
Flat fee (£)4 4 |
104 |
||
G.10 |
Minimum fee (£4) |
10 |
||
£ million or part £m4 of average outstanding electronic money (AOEM) 4 |
Fee (£/£m or part £m4 of AOEM) 4 |
|||
> 5.0 |
7.3014 477991110 |
|||
G.11 |
Flat fee (£)4 4 |
|||
6CC.1 |
Minimum fee |
7 | ||
10£ thousand of annual income (AI) 8 |
Fee (£/£ thousand or part thousand of AI)8 |
|||
>2508 |
0.10214 899 |
|||
6CC.2 |
Minimum fee (£)10 |
7 | ||
Fee (£/£ thousand or part £ thousand of AI |
||||
>2507 7 |
0.10214 77 |
|||
Notes |
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(1) The definitions of fee-blocks G5 and G10 under Part 2 and Part 2A of FEES 4 Annex 11R 13are modified, for the purposes of FEES 7, so that they exclude the Bank of England, government departments, local authorities, municipal banks and the National Savings Bank. |
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(2) The definitions of those fee-blocks are further amended to exclude EEA firms12 and those12 which hold a Part 4A permission. |
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Part 2 |
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(1) |
This Part sets out the minimum money advice 13CFEB levy applicable to the firms specified in (3) below. |
(2) |
The minimum money advice 13CFEB levy payable by any firm referred to in (3) is £1310. |
(3) |
A firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3 (excluding UK ISPVs); A.4; A.5; A.7; A.9; A.10; A.12; A.13; A.14; A.18; A.19; G.3 and G.10.1 1 |
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