SCHEDULES
SCHEDULE 2Estimates for the year ending 31 March 2025
DEPARTMENT OF EDUCATION - TEACHERS’ SUPERANNUATION ESTIMATE
PART 1: AUTHORISED AMOUNTS
Authorised Amounts | |
---|---|
(£) | |
Departmental expenditure limit | |
Net resources for current purposes | - |
Net resources for capital purposes | - |
Annually managed expenditure | |
Net resources for current purposes | 320,449,000 |
Net resources for capital purposes | - |
Non-budget expenditure | |
Net resources for current purposes | -1,433,000 |
Net resources for capital purposes | - |
Money | |
Money requirement | 138,831,000 |
PART 2: EXPENDITURE
Annually managed expenditure
Expenditure arising from:
Pensions, allowances, gratuities etc.; certain payments to the Northern Ireland National Insurance Fund; certain payments in respect of premature retirement compensation made to members of the scheme and on behalf of their employers; expenditure on activities that are required as a result of the United Kingdom’s exit from the European Union; severance payments; compensation payments; governmental response to the coronavirus COVID-19 pandemic; UK Covid-19 Inquiry activities; other non-cash items.