What the gross annual impact of the abolition of advance corporation tax credit for pension funds was on its and the Scottish Office's runn…

Staff employed by The Scottish Office and the Scottish Executive are eligible to be members of the Principal Civil Service Pension Scheme (PCSPS), which is an unfunded scheme managed by the Cabinet Office. All participating employers are required to make payments to the Cabinet Office in respect of the accruing pension costs of their staff. Although pensions for members of the PCSPS are not funded in advance, the accruing pension costs borne by employers are assessed to be consistent with those which would apply in the private sector, and are therefore influenced by the total effect of the range of factors affecting funded pension schemes, including any effect which the advanced corporation tax changes might have had. However, the managers do not disaggregate the accruing pension charges, and the average contribution charged to employers has remained broadly unchanged since 1996.