Publication - Corporate report
Spring budget revision 2021 to 2022: supporting document
Supporting document to the Budget (Scotland) Act 2021 Amendment Regulations 2022. Provides details of Level 2 and 3 budgets.
Scottish Teachers and NHS Pensions
| Operating | Capital | Total | |
|---|---|---|---|
| £m | £m | £m | |
| Total Budget in the Autumn Budget Revision | 6,121.000 | 0.000 | 6,121.000 |
| Changes Proposed | |||
| Funding Changes | 0.000 | 0.000 | 0.000 |
| Technical Adjustments | -94.241 | 0.000 | -94.241 |
| Net Whitehall Transfers | 0.000 | 0.000 | 0.000 |
| Net Transfers within Scottish Block | 0.000 | 0.000 | 0.000 |
| Total changes proposed | -94.241 | 0.000 | -94.241 |
| Proposed Budget following Spring Budget Revision | 6,026.759 | 0.000 | 6,026.759 |
| Operating | Capital | Total | |
|---|---|---|---|
| £m | £m | £m | |
| Expenditure Limit: | 0.000 | 0.000 | 0.000 |
| Total Expenditure Limit | 0.000 | 0.000 | 0.000 |
| UK Funded AME: | |||
| NHS Pensions | 4,114.400 | 0.000 | 4,114.400 |
| Teachers' Pensions | 1,912.359 | 0.000 | 1,912.359 |
| Total UK Funded AME | 6,026.759 | 0.000 | 6,026.759 |
| Other Expenditure: | |||
| Total Other Expenditure | 0.000 | 0.000 | 0.000 |
| Total Budget | 6,026.759 | 0.000 | 6,026.759 |
| Total Limit on Income (accruing resources) | 3,100.0 | ||
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 3,931.000 | 0.000 | 3,931.000 |
| ABR changes | 297.000 | 0.000 | 297.000 |
| ABR Budget | 4,228.000 | 0.000 | 4,228.000 |
| Proposed changes | -113.600 | 0.000 | -113.600 |
| SBR Proposed Budget | 4,114.400 | 0.000 | 4,114.400 |
| Summary of proposed changes | |||
| Refinement of forecast based on YTD experience of Scheme pension benefit payments and member employer and employee contributions. | -113.600 | 0.000 | -113.600 |
| -113.600 | 0.000 | -113.600 | |
| Proposed Budget following Spring Budget Revision | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 6,102.275 | 0.000 | 6,102.275 |
| Less: Retained Income | -1,987.875 | 0.000 | -1,987.875 |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 4,114.400 | 0.000 | 4,114.400 | |
| Budget Analysis | |||
| NHS Pension Scheme Expenditure | 6,102.275 | 0.000 | 6,102.275 |
| Retained Income from employee and employer contributions and transfers received (NHS) | -1,987.875 | 0.000 | -1,987.875 |
| Net Expenditure | 4,114.400 | 0.000 | 4,114.400 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 1,922.800 | 0.000 | 1,922.800 |
| ABR changes | -29.800 | 0.000 | -29.800 |
| ABR Budget | 1,893.000 | 0.000 | 1,893.000 |
| Proposed changes | 19.359 | 0.000 | 19.359 |
| SBR Proposed Budget | 1,912.359 | 0.000 | 1,912.359 |
| Summary of proposed changes | |||
| Refinement of forecast based on YTD experience of Scheme pension benefit payments and member employer and employee contributions. | 19.359 | 0.000 | 19.359 |
| 19.359 | 0.000 | 19.359 | |
| Proposed Budget following Spring Budget Revision | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 2,877.466 | 0.000 | 2,877.466 |
| Less: Retained Income | -965.107 | 0.000 | -965.107 |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 1,912.359 | 0.000 | 1,912.359 | |
| Budget Analysis | |||
| Teachers' Pension Scheme Expenditure | 2,877.466 | 0.000 | 2,877.466 |
| Teachers' Retained Income from employee and employer contributions and transfers received | -965.107 | 0.000 | -965.107 |
| Net Expenditure | 1,912.359 | 0.000 | 1,912.359 |
Contact
There is a problem
Thanks for your feedback