Publication - Corporate report

Spring Budget Revision 2025-26 - supporting document

Supporting document to the Budget (Scotland) Act 2025 Amendment Regulations 2026. Provides details of Level 2 and 3 budgets.

Scottish Teachers' and NHS Pensions

Total Changes for the Spring Budget Revision	Operating £m	Total £m
Total Budget following the Autumn Budget Revision	3,058.186	3,058.186
Funding Changes	0.000	0.000
Technical Adjustments	115.664	115.664
Net Whitehall Transfers	0.000	0.000
Net Transfers within Scottish Block	0.000	0.000
Total changes proposed	115.664	115.664
Proposed Budget following Spring Budget Revision	3,173.850	3,173.850

Expenditure Limit	Operating £m	Capital £m	Total £m
Scottish Teachers' and NHS Pensions	0.000	0.000	0.000
Total Expenditure Limit	0.000	0.000	0.000

UK Funded AME	Operating £m	Total £m
NHS Pensions	2,045.570	2,045.570
Teachers Pensions	1,128.280	1,128.280
Total UK Funded AME	3,173.850	3,173.850

Other Expenditure	Operating £m	Capital £m	Total £m
Scottish Teachers' and NHS Pensions	0.000	0.000	0.000
Total Other Expenditure	0.000	0.000	0.000

Total Budget	Operating £m	Capital £m	Total £m
Total Budget	3,173.850	0.000	3,173.850

Total Limit on Income (accruing resources) 1.000

Details of Proposed Budget

Proposed Changes	Operating £m	Total £m
Original Budget	1,880.706	1,880.706
ABR changes	86.368	86.368
ABR Budget	1,967.074	1,967.074
Proposed Changes	78.496	78.496
SBR Proposed Budget	2,045.570	2,045.570

Summary of proposed changes	Operating £m	Capital £m	Total £m
Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions.	78.496	0.000	78.496
Proposed Changes	78.496	0.000	78.496

Proposed Budget following Spring Budget Revision	Operating £m	Total £m
Gross Expenditure	5,023.561	5,023.561
Less: Retained Income	(2,977.991)	(2,977.991)
Less: Capital Receipts Applied	0.000	0.000
	2,045.570	2,045.570

Budget Analysis	Operating £m	Total £m
NHS Pension Scheme Expenditure	5,023.561	5,023.561
Retained Income from employee and employer contributions and transfers received (NHS)	(2,977.991)	(2,977.991)
Net Expenditure	2,045.570	2,045.570

Details of Proposed Budget

Proposed Changes	Operating £m	Total £m
Original Budget	1,035.613	1,035.613
ABR changes	55.499	55.499
ABR Budget	1,091.112	1,091.112
Proposed Changes	37.168	37.168
SBR Proposed Budget	1,128.280	1,128.280

Summary of proposed changes	Operating £m	Capital £m	Total £m
Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions.	37.168	0.000	37.168
Proposed Changes	37.168	0.000	37.168

Proposed Budget following Spring Budget Revision	Operating £m	Total £m
Gross Expenditure	2,471.395	2,471.395
Less: Retained Income	(1,343.115)	(1,343.115)
Less: Capital Receipts Applied	0.000	0.000
	1,128.280	1,128.280

Budget Analysis	Operating £m	Total £m
Teachers' Pension Scheme Expenditure	2,471.395	2,471.395
Teachers' Retained Income from employee and employer contributions and transfers received	(1,343.115)	(1,343.115)
Net Expenditure	1,128.280	1,128.280

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