Report
Gambling Survey for Great Britain - Wave 4, September 2025 to January 2026 report: Official statistics
Gambling Survey for Great Britain - Wave 4, September 2025 to January 2026 report
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
| Description | 2023 £ thousands |
2021 £ thousands |
|---|---|---|
| At 1 April | 213 | 215 |
| Interest cost | 3 | 3 |
| 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).
Last updated: 18 October 2023
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