Budget Act (Northern Ireland) 2024

DEPARTMENT OF FINANCE - SUPERANNUATION AND OTHER ALLOWANCES ESTIMATE N.I.

PART 1: AUTHORISED AMOUNTS N.I.

Commencement Information

I1 Sch. 1(group)(7) Pt. 1 in operation at Royal Assent

	Authorised Amounts	Increase/Decrease
	(£)	(£)
Departmental expenditure limit
Net resources for current purposes	-	-
Net resources for capital purposes	-	-
Annually managed expenditure
Net resources for current purposes	430,000,000	-789,931,000
Net resources for capital purposes	-	-
Non-budget expenditure
Net resources for current purposes	-	-
Net resources for capital purposes	-	-
Money
Money requirement	120,000,000	+21,890,000

PART 2: EXPENDITURE N.I.

Departmental expenditure limit N.I.

Expenditure arising from:

Redundancy, early retirement and rechargeable injury costs to or in respect of persons covered by the NICS Pension Arrangements, the Civil Service Compensation Scheme (NI) and the Civil Service Injury Benefit Scheme (NI).

Annually managed expenditure N.I.

Expenditure arising from:

Pensions, lump sums, transfers out, refunds, injury benefit, compensation, tax and gratuities to or in respect of persons covered by the NICS Pension Arrangements, the Civil Service Compensation Scheme (NI) and the Civil Service Injury Benefit Scheme (NI); expenditure on activities that are required as a result of the United Kingdom’s exit from the European Union; governmental response to the coronavirus COVID-19 pandemic; UK Covid-19 Inquiry activities; other non-cash items.

PART 3: INCOME N.I.

Departmental expenditure limit N.I.

Income arising from:

Recovery of redundancy, early retirement and rechargeable injury payments made in respect of those covered by the NICS Pension Arrangements, the Civil Service Compensation Scheme (NI) and the Civil Service Injury Benefit Scheme (NI).

Annually managed expenditure N.I.

Income arising from:

Receipts of superannuation contributions in respect of employees and employers; transfer values received; recovery of contribution equivalent premiums; refunds of superannuation payments and repayment of taxation paid on behalf of scheme members; recovery of payments made in respect of those covered by the Civil Service Compensation Scheme (NI) and the Civil Service Injury Benefit Scheme (NI).