Operators, trustees and depositaries of collective investment schemes
2008/09 FSCS levy examples for operators, trustees and depositaries of collective investment schemes (FSA fee-block A.9/FSCS sub-class SD01)
| Tariff metric: Gross Income: £1,000,000 | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 34.29 | 1,743.84 | 643.71 | 2,387.55 | 6862.8% | ||
| Tariff metric: Gross Income: £7,000,000 | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 143.27 | 12,206.90 | 4,390.04 | 16,596.94 | 11484.4% | ||
Notes
1) Under the new FSCS funding arrangements, your firm's compensation costs will be calculated using gross income as at 31 December 2007.
2) SD01 definition: fund management.
3) If you are authorised in FSA fee-blocks A.7 and A.9, you will only be levied once in FSCS sub-class Fund Management (SD01) on your gross income.
4) Please refer to the FSCS's 2008/09 Plan and Budget on the FSCS web site for an explanation of the broad issues behind the additional invoice for 2007/08.