LGPS Scheme Advisory Board - Income and Expenditure

Net Assets of the Fund (£000s) At 31 March			159,537,154
	In	Out
Contributions	8,314,623
Transfers in from other pension funds	536,119
Other income	62,261
Net Investment income	3,161,952
Total income	12,074,955

Benefits		(8,173,397)
Payments to and on account of leavers		(512,637)
Administration expenses		(131,780)
Investment management expenses		(415,059)
Total expenditure		(9,232,873)

Profits and losses on disposal of investments and changes in the market value of investments	18,560,902
Total income plus Profits and losses on disposal of investments and changes in the market value of investments	30,635,857
Net Assets of the Fund (£000s) At 1 April			180,940,138

Income (£ billion)	Expediture (£ billion)

Investment income (net)	█	26.2%	3.16	Investment management expenses	█	4.6%	0.42
Other income	█	0.5%	0.06	Administration expenses	█	1.4%	0.13
Transfers in from other pension funds	█	4.5%	0.54	Payments to and on account of leavers	█	5.5%	0.51
Employee Contributions	█	17.6%	2.12	Benefits	█	88.5%	8.17
Employer Contributions	█	51.3%	6.19
			12.07				9.23

Income and Expenditure