DWP rules out £10,000 general levy hit on smaller schemes

Association of Member-Directed Pension Schemes (AMPS) previously said SSAS administrators and advisers were being kept in the dark due to a lack of clarity over the consultation timetable which had "real-world consequences with business owners pausing decisions on the setting up of a SSAS, impacting the SSAS administration sector's growth". However, today (4 March) the DWP issued its response to the general levy consultation which ruled out the £10,000 additional charge for smaller schemes. AMPS chair Andrew Phipps said the government had taken a "proportionate" approach. He said: ...