UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
4 Contributions
No contributions were payable in the year primarily because there are no active members, and the Scheme funding level exceeded the threshold for the payment of PPF Levy and Expenses contributions.
5 Benefits paid or payable
2024
2023
60,728 10,119
56,178
Pensions
8,069
Lump sums on retirement
137
252 197
Lump sums on death
-
Serious ill health lump sums
100
44
Trivial commutations
71,084
64,740
6 Transfers out
2024
2023
Individual transfers to other schemes
1,798
5,278
7 Administrative expenses
2024
2023
1,176
1,205
Administration and processing
807 106 413
702 106 397 267 116
Actuarial fees
Audit fees Legal fees PPF levy
62
121
Trustee fees
2,685
2,793
8 Investment income
2024
2023
25,106
25,019
Income from bonds
8,768
8,010
Income from pooled funds
Interest on repurchase agreements Net receipts/(payments) from swaps
(15,097)
(14,513) (1,656)
343 429
Income on cash deposits
148
13,127
13,073
Income from Asset Backed Funding
11 67
12
Annuity income
7
Other investment income
32,754
30,100
37
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