How often does the FSCS raise levies?
The FSCS operates on a ‘pay-as-you-go’ basis, and raises levies to cover the projected annual costs of the Scheme. It normally undertakes a levy process once every financial year, although further levies can be raised mid-year if costs exceed those anticipated. We (the FSA) act as the FSCS’ levy collection agent. For 2008/09 levies, we will send invoices from June 2008.
