Docusign Envelope ID: 7C50003C-051D-4E0C-907A-F452AD5C4EA2
UNITED TECHNOLOGIES CORPORATION (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2023
NOTES TO THE FINANCIAL STATEMENTS
4 Contributions
2023
2022
Employer contributions PPF Levy
- - -
804
Expenses
2,100
Augmentation
459
-
3,363
No contributions were payable in the year primarily because the Scheme funding level exceeded the threshold for the payment of PPF Levy and Expenses contributions.
5 Benefits paid or payable
2023
2022
56,178
53,426
Pensions
8,069
4,889
Lump sums on retirement
252 197
675 288
Lump sums on death
Serious ill health lump sums
-
3
Purchase of annuities Trivial commutations
44
22 29
-
Taxation where lifetime or annual allowance exceeded
64,740
59,332
6 Transfers out
2023
2022
5,278
Individual transfers to other schemes
35,606
7 Administrative expenses
2023
2022
1,205
788 869
Administration and processing
702 106 397 267 116
Actuarial fees
91
Audit fees Legal fees PPF levy
386 856 111
Trustee fees
2,793
3,101
35
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