CARRIER (UK) PENSION SCHEME YEAR ENDED 31 DECEMBER 2020
NOTES TO THE FINANCIAL STATEMENTS
19 Employer related investments
At 31 December 2020, 0.01% of the Scheme assets were indirectly invested in the employer through pooled investment vehicles with Legal and General and BlackRock.
20 Current assets
2020
2019
4
201
Contribution debtors - employers Contribution debtors - employees
-
3
157
151
Prepaid pensions Other debtors Cash balances
42
49
3,055
1,895
3,258
2,299
Apart from £25k life cover premium contribution in the previous year, all contributions due to the Scheme at 31 December 2020 and 31 December 2019 relate to December 2020 and December 2019 respectively and were paid in full to the Scheme in accordance with the Schedule of Contributions, and therefore do not count as employer-related investments.
21 Current liabilities
2020
2019
32
30 26
Tax deducted from benefits
330 216
Prepaid contributions Accrued expenses
109
578
165
22 Related party transactions
Transactions with related parties of the Scheme comprise:
Key management personnel
Trustee expenses amounting to less than £1k were paid during the year.
Employer and other related parties
Contributions from employers and members of the Scheme are disclosed in note 4. Payments made to and on behalf of members during the year are disclosed in notes 5 and 6. There have been no direct employer related investments in the year. VAT on Scheme expenses amounting to £113k was recovered in the year. Under the terms of a Parent Guarantee provided by Carrier Global Corporation the Trustee agreed not to change the growth/protection split of the Scheme’s assets without seeking agreement with the Principal Employer first.
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