FEES 7C Annex 1R TPR SFGB money advice levy for the period from 1 April 2024 to 31 March 2025
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 |
0.9475 423 |
|
A.2 |
Band Width (no. of mortgages and/or home finance transactions) |
Fee (£/mortgage) |
>50 |
0.5135 423 |
|
A.3 |
Gross written premium for fees purposes (GWP |
|
Band Width (£ million of GWP) |
Fee (£/£m or part £m of GWP) |
|
>0.5 |
19.715 423 |
|
PLUS |
||
Best estimate liabilities for fees purposes (BEL) |
||
Band Width (£ million of BEL) |
Fee (£/£m of part £m of BEL) |
|
>1 |
1.105 423 |
|
A.4 |
Gross written premium for fees purposes (GWP) |
|
Band Width (£ million of GWP) |
Fee (£/£m or part £m of GWP) |
|
>1 |
12.605 423 |
|
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 |
0.8365 423 |
|
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 |
0.0865 42 |
|
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 |
91.625 423 |
|
A.10 |
Band Width (no. of traders) |
Fee (£/trader) |
>1 |
148.195 423 |
|
A.13 |
For class (2) firms |
|
Band Width (£ thousands of annual income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
|
>100 |
0.04795 423 |
|
For a professional firm in A.13 the fee is calculated as above less 10%. |
||
A.14 |
Band Width (£ thousands of annual income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
>100 |
0.02345 423 |
|
A.18 |
Band Width (£ thousands of Annual Income (AI)) |
Fee ((£/£ thousand or part £ thousand of AI) |
>100 |
0.1295 423 |
|
A.19 |
Band Width (£ thousands of Annual Income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
>100 |
0.01875 423 |
|
CC.2 |
Minimum fee (£) |
102 |
£ thousands of annual income (AI) |
Fee (£/£ thousand or part £ thousand of AI |
|
>250 |
0.08835 423 |
|
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 |
0.01775 423 |
|
Part 3 TA EMI firms |
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G.10 |
Minimum fee (£) |
102 |
£ million or part £m of average outstanding electronic money (AOEM) |
Fee (£/£m or part £m of AOEM) |
|
>5.0 |
1.5485 423 |
|
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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