Publication - Corporate report
Spring Budget Revision 2024-25: supporting document
Supporting document to the Budget (Scotland) Act 2024 Amendment Regulations 2025. Provides details of Level 2 and 3 budgets.
Scottish Teachers' and NHS Pension Schemes
Schedule 2.1 Total Changes for the Spring Budget Revision
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Total Budget following the Autumn Budget Revision | 3,422.406 | 0.000 | 3,422.406 |
| Changes Proposed | |||
| Funding Changes | 0.000 | 0.000 | 0.000 |
| Technical Adjustments | 103.356 | 0.000 | 103.356 |
| Net Whitehall Transfers | 0.000 | 0.000 | 0.000 |
| Net Transfers within Scottish Block | 0.000 | 0.000 | 0.000 |
| Total changes proposed | 103.356 | 0.000 | 103.356 |
| Proposed Budget following Spring Budget Revision | 3,525.762 | 0.000 | 3,525.762 |
| Proposed Changes | 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 | 2,100.937 | 0.000 | 2,100.937 |
| Teachers' Pensions | 1,426.820 | 0.000 | 1,426.820 |
| Total UK Funded AME | 3,527.757 | 0.000 | 3,527.757 |
| Other Expenditure: | |||
| Total Other Expenditure | 0.000 | 0.000 | 0.000 |
| Total Budget | 3,525.762 | 0.000 | 3,525.762 |
| Total Limit on Income (accruing resources) | 3,100.000 |
Schedule 3.1 NHS Pensions
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 2,186.669 | 0.000 | 2,186.669 |
| ABR changes | 0.000 | 0.000 | 0.000 |
| ABR Budget | 2,186.669 | 0.000 | 2,186.669 |
| Proposed Changes | (85.732) | 0.000 | (85.732) |
| SBR Proposed Budget | 2,100.937 | 0.000 | 2,100.937 |
| Summary of proposed changes | |||
| Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions | (85.732) | 0.000 | (85.732) |
| (85.732) | 0.000 | (85.732) |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 4,670.001 | 0.000 | 4,670.001 |
| Less: Retained Income | (2,569.064) | 0.000 | (2,569.064) |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 2,100.937 | 0.000 | 2,100.937 | |
| Budget Analysis | |||
| NHS Pension Scheme Expenditure | 4,670.001 | 0.000 | 4,670.001 |
| Retained Income from employee and employer contributions and transfers received (NHS) | (2,569.064) | 0.000 | (2,569.064) |
| Net Expenditure | 2,100.937 | 0.000 | 2,100.937 |
Schedule 3.2 Teachers' Pensions
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 1,235.737 | 0.000 | 1,235.737 |
| ABR Changes | 0.000 | 0.000 | 0.000 |
| ABR Budgety | 1,235.737 | 0.000 | 1,235.737 |
| Proposed Changes | 191.083 | 0.000 | 191.083 |
| SBR Proposed Budget | 1,426.820 | 0.000 | 1,426.820 |
| Summary of proposed changes | |||
| Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions | 191.083 | 0.000 | 191.083 |
| 191.083 | 0.000 | 191.083 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 2,661.018 | 0.000 | 2,661.018 |
| Less: Retained Income | (1,234.198) | 0.000 | (1,234.198) |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 1,426.820 | 0.000 | 1,426.820 | |
| Budget Analysis | |||
| Teachers' Pension Scheme Expenditure | 2,661.018 | 0.000 | 2,661.018 |
| Teachers' Retained Income from employee and employer contributions and transfers received | (1,234.198) | 0.000 | (1,234.198) |
| Net Expenditure | 1,426.820 | 0.000 | 1,426.820 |
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