2016 Levies

It is that time of the year again. Below is a summary of what you can expect to pay, courtesy of my colleague Grethe van Heerden, as well as a link to our Levy Calculator, updated annually by another colleague, Paul Lawrence.

Levy on Category I and IV FSPs:

Base amount of R3 459 (2015: R3 391)
Fee of R553 per KI/Rep (2015: R542)
Bullet 3 – short phrase

Levy on Category II, IIA and III FSPs:

Base amount of R6 969 (2015: R6 832)
Fee of R553 per KI/Rep (2015: R542)
0.0000178575 x value of investments managed (IUM) on behalf of clients on 30 June of the levy year (IUM held in foreign currency must be included at the exchange rate published in the press on that date)

Levy on Category I and/or IV FSP who renders financial services only in connection with Long-Term Insurance cat A and/or Friendly Societies:

Base amount of R3 459 (2015: R3 391)
Fee of R250 per KI/Rep (2015: R250)

Ombud Levy

Base amount of R885 (2015: R835)
Fee of R337 per KI/Rep (2015: R318)

As always, the fee per KI/Rep will be calculated on the number of Key Individuals and Representatives listed on the FSP’s licence on the 31 of August. Key Individuals that are also listed as Representatives will only be counted once.

Levies must be paid before or on the 31st of October.

Click here to download the Moonstone Levy Calculator.

The levy notice can be downloaded here.

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