FEES 7C Annex 1R TPR SFGB money advice levy for the period from 1 April 2023 to 31 March 2024
1This table shows the TPR SFGB money advice levy applicable to each activity group (fee-block).
Activity group |
TPR SFGB money advice levy payable |
|
Part 1 TP firms |
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A.1 |
Band Width (£ million of Modified Eligible Liabilities (MELs)) |
Fee (£/£m or part £m of MELs) |
>10 |
0.8974 23 |
|
A.2 |
Band Width (no. of mortgages and/or home finance transactions) |
Fee (£/mortgage) |
>50 |
0.4464 23 |
|
A.3 |
Gross written premium for fees purposes (GWP |
|
Band Width (£ million of GWP) |
Fee (£/£m or part £m of GWP) |
|
>0.5 |
17.484 23 |
|
PLUS |
||
Best estimate liabilities for fees purposes (BEL) |
||
Band Width (£ million of BEL) |
Fee (£/£m of part £m of BEL) |
|
>1 |
1.154 23 |
|
A.4 |
Gross written premium for fees purposes (GWP) |
|
Band Width (£ million of GWP) |
Fee (£/£m or part £m of GWP) |
|
>1 |
11.644 23 |
|
PLUS |
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Best estimate liabilities for fees purposes (BEL) |
||
Band Width (£ million of BEL) |
Fee (£/£m or part £m of BEL) |
|
>1 |
0.7754 23 |
|
A.7 |
For class 1(C), (2), (3) and (4) firms: |
3 |
Band Width (£ million of Funds under Management (FuM)) |
Fee (£/£m of part £m of FuM) |
|
>10 |
0.0844 2 |
|
Class 1(A), (B) and (C) firms4 are defined in FEES 4 Annex 1AR. |
||
A.9 |
Band Width (£ million of Gross Income (GI)) |
Fee (£/£m of part £m of GI) |
>1 |
81.044 23 |
|
A.10 |
Band Width (no. of traders) |
Fee (£/trader) |
>1 |
128.364 23 |
|
A.13 |
For class (2) firms |
|
Band Width (£ thousands of annual income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
|
>100 |
0.04824 23 |
|
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)) |
Fee (£/£ thousand or part £ thousand of AI) |
>100 |
0.01744 23 |
|
A.18 |
Band Width (£ thousands of Annual Income (AI)) |
Fee ((£/£ thousand or part £ thousand of AI) |
>100 |
0.1164 23 |
|
A.19 |
Band Width (£ thousands of Annual Income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
>100 |
0.01964 23 |
|
CC.2 |
Minimum fee (£) |
102 |
£ thousands of annual income (AI) |
Fee (£/£ thousand or part £ thousand of AI |
|
>250 |
0.08724 23 |
|
Part 2 TA PI firms and TA RAISP firms |
||
G.3 |
Minimum fee (£) |
102 |
£ thousands or part £ thousand of Relevant Income |
Fee (£/£thousand or part £ thousand of Relevant Income) |
|
>100 |
0.02094 23 |
|
Part 3 TA EMI firms |
||
G.10 |
Minimum fee (£) |
102 |
£ million or part £m of average outstanding electronic money (AOEM) |
Fee (£/£m or part £m of AOEM) |
|
>5.0 |
1.6304 23 |
|
Part 4 |
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(1) This Part sets out the minimum TPR SFGB money advice levy applicable to the TPR firms specified in (3) below. (2) The minimum TPR SFGB money advice levy payable by any firm referred to in (3) is £102. (3) A TP firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3; A.4; A.7; A.9; A.10; A.13; A.14; A.18; and A.19. |
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