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What is the difference between applying for a waiver, and being an ineligible scheme?

April 26, 2017ineligible Scheme waiver

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What is the difference between applying for a waiver, and being an ineligible scheme?

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An ineligible scheme is not eligible to receive PPF compensation should an insolvency event occur in respect of the sponsoring employer(s), and therefore does not need to pay the PPF scheme and risk based levies, which are designed to fund this compensation.