{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Income and expenditure ","text":"See SCPF income and expenditure summary, covering contributions, benefits, and fund value changes for 2024.","links":[{"name":"Income and expenditure ","value":"https://pensions.shell.co.uk/source/scpf/financials-news/income-and-expenditure.html"}],"image":{"src":"https://pensions.shell.co.uk/source/scpf/financials-news/income-and-expenditure/_jcr_content/root/metadata.shellimg.jpeg/1760538513018/a-landscape-with-mountains-and-water.jpeg","alt":"Father and 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son","width":3840,"height":2160}},"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"brand1-subtle","colspan":10,"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main/section/text","model":{"text":"\u003Ctable cellpadding=\"1\" cellspacing=\"0\" border=\"1\" width=\"200\" height=\"100\"\u003E\r\n\u003Ctbody\u003E\u003Ctr\u003E\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E    2023 (£m)\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E2024 (£m)\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003EWe started the year with a Fund value of:\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E12,901\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E12,398\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003EIncome (amounts that increase the value of the Fund)\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E \u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EMember contributions\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cul\u003E\r\n\u003Cli\u003EOrdinary*\u003C/li\u003E\r\n\u003Cli\u003EAdditional Voluntary Contributions (AVCs)\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E5\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E8\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EEmployer contributions\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cul\u003E\r\n\u003Cli\u003EOrdinary*\u003C/li\u003E\r\n\u003Cli\u003ESalary Sacrifice\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E10\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cp\u003E-\u003C/p\u003E\r\n\u003Cp\u003E10\u003C/p\u003E\r\n\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EInvestment income\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E64\u003C/td\u003E\r\n\u003Ctd\u003E77\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003ETotal income\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E79\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E95\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EExpenditure (amounts that decrease the value of the Fund)\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EBenefits paid**\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E582\u003C/td\u003E\r\n\u003Ctd\u003E603\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003ETransfers out of the SCPF\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E29\u003C/td\u003E\r\n\u003Ctd\u003E10\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EAdministration and investment expenses\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E33\u003C/td\u003E\r\n\u003Ctd\u003E35\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003ETotal expenditure\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E644\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E648\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003EChanges to investment market values\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E62\u003C/td\u003E\r\n\u003Ctd\u003E(722)\u003C/td\u003E\r\n\u003C/tr\u003E\u003Ctr\u003E\u003Ctd\u003E\u003Cb\u003EWe ended the year with a Fund value of:\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E \u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E12,398\u003C/b\u003E\u003C/td\u003E\r\n\u003Ctd\u003E\u003Cb\u003E11,123\u003C/b\u003E\u003C/td\u003E\r\n\u003C/tr\u003E\u003C/tbody\u003E\u003C/table\u003E\r\n\u003Cp\u003E*Members’ ordinary contributions are paid by Shell via a salary sacrifice arrangement.
\u003C/p\u003E\r\n\u003Cp\u003E**Including commutation lump sums on retirement and lump sum death benefits.\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main/section","model":{}},{"organism":"Container.Section","color":"brand1-subtle","children":[{"organism":"Container","children":[{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/jcr_content/root/promo_copy_copy","model":{"title":"SCPF funding position","links":[{"value":"https://pensions.shell.co.uk/source/scpf/funding-news/scpf-funding-position.html"}],"image":{"src":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/_jcr_content/root/promo_copy_copy.shellimg.jpeg/1760539690036/a-group-of-men-in-hard-hats.jpeg","alt":"Green Canyon 19 platform, USA, 2024","width":3840,"height":2160}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/jcr_content/root/promo_copy_copy_copy","model":{"title":"Guard against scams","links":[{"value":"https://pensions.shell.co.uk/source/scpf/pension-news/guard-against-scams.html"}],"image":{"src":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/_jcr_content/root/promo_copy_copy_copy.shellimg.jpeg/1760539700926/a-butterfly-on-a-flower.jpeg","alt":"Shell Biogas butterfly","width":3840,"height":2160}}},{"organism":"PromoCard","color":"brand1","colspan":4,"id":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/jcr_content/root/promo_copy_112974839","model":{"title":"A Message from Alan McLean","links":[{"value":"https://pensions.shell.co.uk/source/scpf/trustee-news/a-message-from-alan-mclean.html"}],"image":{"src":"/content/experience-fragments/shell/business/pensions/you-may-also-be-interested-in/master/_jcr_content/root/promo_copy_112974839.shellimg.jpeg/1760539709594/alan-mclean.jpeg","alt":"Alan McLean","width":3840,"height":2160}}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main/section_896162971/experience_fragment","model":{}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main/section_896162971","model":{"title":"You may also be interested in"}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://pensions.shell.co.uk/"},{"name":"Welcome to the Source","value":"https://pensions.shell.co.uk/source.html"},{"name":"SCPF","value":"https://pensions.shell.co.uk/source/scpf.html"},{"name":"Financials","value":"https://pensions.shell.co.uk/source/scpf/financials-news.html"},{"name":"Income and expenditure ","value":"https://pensions.shell.co.uk/source/scpf/financials-news/income-and-expenditure.html"}]},"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://pensions.shell.co.uk/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Income and expenditure ","text":"See SCPF income and expenditure summary, covering contributions, benefits, and fund value changes for 2024.","links":[{"name":"canonical","value":"https://pensions.shell.co.uk/source/scpf/financials-news/income-and-expenditure.html"},{"name":"errorUrl","value":"https://pensions.shell.co.uk/error.html"},{"name":"hierarchy","value":"en_gb/source/scpf/financials-news/income-and-expenditure"},{"name":"homeTitle","value":"Shell Pensions in the UK"},{"name":"homeUrl","value":"https://pensions.shell.co.uk/"},{"name":"locale","value":"en-GB"},{"name":"title","value":"Income and expenditure  | Shell Pensions in the UK"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/business/pensions/en_gb/source/scpf/financials-news/income-and-expenditure"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\nYou are now leaving the Shell global website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. 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