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  1. Point in time
    2024-06-24

FEES 7C Annex 1R TPR SFGB money advice levy for the period from 1 April 2023 to 31 March 2024

R

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

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

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%.

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

(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.