Introduction: annual budget
1. The annual budget for 2025/26 approved by the FCA is £285.1m.
2. The total amount expected to be raised through the general levy in 2025/26 will be £70m.
Compulsory jurisdiction - general levy
| Industry block | Tariff base | General levy payable by firm |
|---|---|---|
| 1. Deposit acceptors, home finance providers, home finance administrators (excluding firms in block 14) and dormant asset fund operators | Number of accounts relevant to the activities in DISP 2.6.1 R as at 31 December In the case of dormant asset fund operators, the tariff base is the number of eligible activated accounts (8). | £0.0712 per relevant account, subject to a minimum levy of £100 |
| 2. Insurers - general (excluding firms in blocks 13 & 15) | Gross written premium for fees purposes as defined in FEES 4 Annex 1AR (GWP); or Gross written premium notified to the FCA under FEES 5.4.1R(1A) that relates to the firm’s relevant business (RGWP) | £0.1970 per £1,000 of GWP or RGWP, subject to a minimum levy of £100 |
| 3. The Society (of Lloyd's) | Not applicable | £58,669 to be allocated by the Society |
| 4. Insurers - life (excluding firms in block 15) | Gross written premium for fees purposes as defined in FEES 4 Annex 1AR (GWP); or Gross written premium notified to the FCA under FEES 5.4.1R(1A) that relates to the firm’s relevant business (RGWP) | £0.0120 per £1,000 of GWP or RGWP, subject to a minimum levy of £130 |
| 5. Portfolio managers (including those holding client money/assets and not holding client money/assets) | Flat fee | Levy of £230 |
| 6. Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes | Flat fee | Levy of £75 |
| 7. Dealers as principal | Flat fee | Levy of £75 |
| 8. Advisors, arrangers, dealers or brokers holding and controlling client money and/or assets | Annual income as defined in FEES 4 Annex 11AR relating to firm’s relevant business. | £0.208 per £1,000 of annual income subject to a minimum fee of £45 |
| 9. Advisors, arrangers, dealers or brokers not holding and controlling client money and/or assets | Annual income as defined in FEES 4 Annex 11AR relating to firm's relevant business. | £0.160 per £1,000 of annual income subject to a minimum fee of £45 |
| 10. Corporate finance advisers | Flat fee | Levy of £65 |
| 11. fee-paying payment service providers (including firms in industry block 18 but excluding firms in any other industry block) | For authorised payment institutions, registered account information service providers, electronic money issuers (except for small electronic money institutions), the Post Office Limited, the Bank of England, government departments and local authorities, TA EMI firms, TA PI firms and TA RAISP firms, relevant income as described in FEES 4 Annex 11R Part 3 that relates to the firm’s relevant business | £0.002 per £1,000 of relevant income subject to a minimum levy of £75 |
| For small payment institutions and small electronic money institutions a flat fee | Levy of £45 | |
| 13. Cash plan health providers | Flat fee | Levy of £75 |
| 14. Credit unions | Flat fee | Levy of £70 |
| 15. Friendly societies whose tax-exempt business represents 95% or more of their total relevant business | Flat fee | Levy of £75 |
| 16. Home finance providers, advisers and arrangers (excluding firms in blocks 13, 14 & 15) | Flat fee | Levy of £95 |
| 17. General insurance distribution (excluding firms in blocks 13, 14 & 15) | Annual income (as defined in MIPRU 4.3) relating to firm's relevant business | £0.4100 per £1,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of £100 |
| 18. fee-paying electronic money issuers | For all fee-paying electronic money issuers except for small electronic money institutions, and TA EMI firms, average outstanding electronic money, as described in FEES 4 Annex 11R Part 3. | £0.0001 per £1,000 of average outstanding electronic money subject to a minimum levy of £40 |
| For small electronic money institutions, a flat fee | Levy of £50 | |
| 19. Credit-related regulated activities with limited permission | For not-for-profit debt advice bodies, a flat fee | Levy of £0 |
| For all other firms with limited permission, a flat fee | Levy of £45 | |
| 20. Credit-related regulated activities | Annual income as defined in FEES 4 Annex 11BR | Levy of £35 Plus £0.894 per £1,000 of annual income on income above £250,000 |
| 21. CBTL firms that do not have permission to carry out any regulated activities | Flat fee | Levy of £35 |
| 22. designated credit reference agencies (but excluding firms in any other industry block) | Flat fee | Levy of £75 |
| 23. designated finance platforms (but excluding firms in any other industry block) | Flat fee | Levy of £75 |
| 24. claims management companies | Annual income | Levy of £50 plus £0.31 per £1,000 of annual income |
| 25. funeral plan intermediaries and funeral plan providers | Flat fee | Levy of £65 |
| 26. firms carrying on regulated pensions dashboard activity | Flat fee | Levy of £65 |
Notes
| 4 | [not used] |
| 5 | The industry blocks in the table are based on the equivalent activity groups set out in Part 1 of FEES 4 Annex 1AR, and Part 2 and Part 2A of FEES 4 Annex 11R. |
| 6 | Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in Part 3 of FEES 4 Annex 1AR, or Part 3 of FEES 4 Annex 11R, it must be calculated in the same way as that tariff base - taking into account only the firm's relevant business (except for firms in industry blocks 2 and 4). |
| 7 | [deleted] |
| 8 | Eligible activated accounts are the number of repayment claims met by the dormant asset fund operators as at 31 December. |