Paying fees

Fee Calculator

Fees Calculator

A quick and easy tool to calculate your regulatory fees and levies

Fee Calculator

See also

Information on fee-blocks.

FEES 4, Annex 1R

Information on fee rates

FEES 4, Annex 2R

FAQs on Fees

Fee FAQs

Key dates to note
31 December: Cut off date for approved persons.
January: Fee tariff-data reporting/gathering for firms commences.
31 March: Cut off date for changes/ cancellations to a firms activities/ permissions
June - Sep: Main invoicing run

 

How fees are calculated

Three primary factors determine the calculation of periodic fees:

  1. The allocation of fee-payers to fee-blocks
  2. The costs in regulating those activities, which form part of our Annual Funding Requirement (AFR)
  3. The scale and size of the firm’s activities (tariff base / tariff data).

Before you receive your invoices, you can access our online fee calculator to get an indication of your regulatory fees and levies. The calculator will be updated with 2007/08 final fee and levy rates from 1 June 2007.

For more information on FSA fee rates see FEES 4, Annex 2R, in the FSA Handbook. These figures are currently applicable for the 2007/08 fee period only.

Fee-blocks

Fee-blocks are used to categorise fee-payers offering broadly similar services and products. Fee-blocks ensure that similar businesses are charged fees on a similar basis. In addition, they minimise the possibility that one regulated sector subsidises another.

Firms in different fee-blocks present different risks to our statutory objectives. So, the fees charged to firms in different fee-blocks depend on the resources devoted to regulation of the firms in that fee-block. These are determined by the risk associated with each block.

Please refer to our Handbook for further information on fee-blocks.

 

Fee Tariff Data

The periodic fee of an individual firm depends on the potential impact of each firm. We use a ‘size of business’ measure as the closest proxy for potential impact. This measure of the amount of regulated business a firm undertakes is known as the fee-tariff base.

The fee calculated depends on the fee data that the firm reports. It also depends on the allocation of the AFR and fee payers to fee-blocks.

For each fee block

Periodic fee = firm's fee tariff data x fee-rates

The fee rates for each fee-block are in the FSA Handbook, FEES 4, Annex 2R

Invoicing and payments

Invoices are sent either by e-mail or post. If you have not received an invoice by 1 September 2007 then please Contact us.

 

Mutual societies and fees

Societies should note that invoices for the periodic fee for 2007/08 will be sent out in September 2007. Societies are advised to wait for an invoice before paying the periodic fee due for 2007/08. Invoices are likely to be sent out from about the middle of August through to the middle of September, but any society that has not received its invoice by the end of September should Contact us.