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Status: You are viewing the version of the handbook as on 2018-07-01.

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

[tbc]13

477991011
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

[tbc]13

77991110
77991110
4 4
4 4
4 4
4 4

A.3

Gross premium income (GPI)

Band Width (£4 million of GPI)

Fee10 (£/£m or part £m4 of GPI)

>0.5

4

20.3611

4779910
4 4
4 4
4 4
4 4

PLUS

Gross technical liabilities (GTL)

Band Width (£4 million of GTL)

Fee10 (£/£m of part £m4 of GTL)

4

>1

4

1.1011

4779910
4 4
4 4
4 4
4 4

A.4

Adjusted annual gross premium income (AGPI)

Band Width (£4 million of AGPI)

Fee10 (£/£m or part £m of AGPI)4

4

>1

4

29.2611

4779910
4 4
4 4
4 4
4 4

PLUS

Mathematical reserves (MR)

Band Width (£4 million of MR)

Fee10 (£/£m or part £m 4 of MR)

4

>1

4

0.6211

4779910
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

0.1111

4779910
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 16FEES 4 Annex 1A16

A.9

Band Width (£4 million of Gross Income (GI))

Fee10 (£/£m of part £m4 of GI)

4

>1

4

65.2011

4779910
4 4
4 4
4 4
4 4

A.10

Band Width (no. of traders)

Fee104/trader)

>14

4

92.8011

4779910
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

0.06811

4779910
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

0.021511

4779910
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

0.17511

4779910
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

0.029411

4779910
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

1.5511

779910

an amount equal to or greater than £1 million but less than or equal to £1 billion

1.1611

779910

more than £1 billion7

7

0.7811

779910

PLUS

Safe custody assets

Band Width (£ safe custody assets) (CA) held

Fee (£/£ millions or part £ million of CA)

less than £10 million7

7

0.00611

779910

an amount equal to or greater than £10 million and less than or equal to £100 billion

0.00511

779910

more than £100 billion7

7

0.00311

779910

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

0.021911

4779910
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

6.6511

4779910

G.11

Flat fee (£)4

4

1045

6CC.1

Minimum fee

£107

7

10£ thousand of annual income (AI)

8

Fee (£/£ thousand or part thousand of AI)8

>2508

0.379

89

6CC.2

Minimum fee (£)10

10107

7

10£ thousands of annual income (AI)10

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

>2507

7

0.377

7

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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