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Pension levy threat to charities
By Helen Warrell, Third Sector, 17 January 2007
Smaller charities could suffer under a new pensions levy that will double the combined amount that UK organisations must pay to secure their final-salary pension schemes.
The Pension Protection Fund announced in December that the levy estimate for 2007/08 has been set at £675m to help make up for last year's collection shortfall and to reduce the fund's deficit. The levy was expected to raise £575m in 2006, but the actual amount raised was nearer £320m....
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