Annual Report and Accounts 2022 to 2023
14. Retirement benefits obligations
This provision recognises the payments due in respect of a former Chairman of Office of the National Lottery (OFLOT).
As set out in Note 1c, Statement of accounting policies, Pension costs, for further details refer to the Retirement benefits section of the staff report.
Retirement benefit obligations
|At 1 April||213||215|
|Actuarial loss/(gain) in the period||(23)||11|
|Pensions paid in the year||(16)||(16)|
|At 31 March||177||213|
The pension liability provision of £177,102 is split between liability not later than one year (£17,798), and liability greater than one year (£159,304).Previous section
13. Provisions for liabilities and charges Next section
15. Lease liabilities
Last updated: 18 October 2023
Show updates to this content
No changes to show.