FEES 7 Annex 1 79911Money advice CFEB levy for the period from 1 April 2018 to 31 March 201913

Part 1

R

This table shows the money advice 13CFEB levy 13applicable to each activity group (fee-block)

2Activity group13

The money advice 13CFEB levy payable

12

A.1

12

Band Width (£4 million of Modified Eligible Liabilities (MELs))

Fee10 (£/£m4 or part m of 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)

Fee104/mortgage)

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

Band Width (£4 million of GWP14)

Fee10 (£/£m or part £m4 of GWP14)

>0.5

4

31.2814

477991110
4 4
4 4
4 4
4 4

PLUS

Best estimate liabilities for fees purposes (BEL)14

Band Width (£4 million of BEL14)

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

Band Width (£4 million of GWP14)

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

Band Width (£4 million of BEL14)

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%.

For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%.

Class 1(A), (B) and (C) firms are defined in 15FEES 4 Annex 1A15.14

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)

Fee104/trader)

>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%.

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

Band Width (£4 thousands of Annual Income (AI))4

Fee10 ((£/£ thousand or part £4 thousand of AI)

4

>1004

4

0.21114

477991110
4 4
4 4
4 4
4 4

A.19

Band Width (£4 thousands of Annual Income (AI))4

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

Safe custody assets

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

1045

6CC.1

Minimum fee

14107

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

10107

7

10£ thousands of annual income (AI)10

Fee (£/£ thousand or part £ thousand of AI

>2507

7

0.10214

77

Notes

(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.

(2) The definitions of those fee-blocks are further amended to exclude EEA firms12 and those12 which hold a Part 4A permission.

12

Part 2

(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

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