Resource accounts exercise
This page is for staff involved in the preparation of Remuneration Reports required for the Annual Resource Accounts exercise. This page will be of particular interest to Finance directors and managers and Pension leads.
This page is for staff involved in the preparation of Remuneration Reports required for the Annual Resource Accounts exercise. This page will be of particular interest to Finance directors and managers and Pension leads.
Ensure your January interface is accurate and sent to the Scheme Administrator (MyCSP) without delay.
Identify your Senior Management team members and complete Annex 13A. Send Annex 13A to the Scheme Administrator (MyCSP) at resourceaccounts2025@mycsp.co.uk.
Note the guidance for the disclosure of salary, pension and compensation information in Section 13 of the Employer Pension Guide (EPG). There will be an EPN each year to initiate the process, highlight any changes and provide links to the relevant annexes.
If you need to obtain pension information on Ministers covered by the Remuneration Report, you will need to complete Annex 13B of the EPG and send it to Buck (the administrator of the Parliamentary Contributory Pension Fund). Please see the process map for PCPF disclosure of pension information for more details.
Send the notice contained in Annex 13D of the EPG to all staff covered by the Remuneration Report.
Provide the Scheme Administrator with evidence from your auditor, if your audit date has changed.
You should ask the Scheme Administrator for the details of the number and total additional accrued pension liabilities, payable by the PCSPS/alpha, for individuals who retired early on health grounds during the year, and disclose in the notes to the departmental resource accounts.
The dedicated email address is resourceaccounts2025@mycsp.co.uk
Provide MyCSP with details of the missing data within the comments section of the Annex 13A.
Disclosure only applies to your senior management team, which will normally either be your Management Board, or a similar group of very senior officials.
If you are unsure who this is in your organisation, please seek guidance from the auditor.
It is your responsibility to decide which posts should be covered by the disclosure requirements.
Board members who have not been an active member of the Civil Service pension scheme at any time during the disclosure period do not need to be included. This includes members with a deferred pension, retired members and members of the partnership scheme.
MyCSP must prioritise the production of complex calculations. Cabinet Office has agreed that queries of this nature will not be addressed. Please refrain from submitting queries to the Resource Accounts or ERM mailboxes.
No fast-track service is available.
The tranches are determined by factors including when the Annex 13A was received and when your January Interface was loaded, along with input from HM Treasury and the National Audit Office.
Review the FAQs and supporting example calculations provided on the website.
Calculation queries will only be addressed from September onwards, after all employer results have been issued. The priority is to produce calculations. Additionally we have produced a note, endorsed by HM Treasury and shared with the Financial Reporting Advisory Board that is designed to answer the common questions asked by Board members.
We suggest that you provide this to all members who are in scope of this year's exercise.
Calculation results are based on information provided through your payroll interface.
The calculation tool used by the Scheme Administrator is approved by their Scheme Compliance Unit and the Cabinet Office. The National Audit Office commissions an external actuary to verify the results.
Due to these steps and the focus on producing figures, breakdowns cannot be provided.
The calculations for the ABS and Resource Accounts are fundamentally different and cannot be compared.
Similar to the ABS, the calculations for the PSS and Resource Accounts are different and not comparable.
Resource Accounts calculations are based on gross pension benefits and reflect the liability to the Scheme.
Therefore, Pension Sharing Orders are not deducted from the calculations.
Resource Accounts calculations are based on gross pension benefits and reflect the liability to the Scheme.
Therefore, Scheme Pays arrangements are not deducted from the calculations.
Each calculation is based on the individual's personal pension entitlements, and numerous factors can vary from member to member, making direct comparisons impractical.
This is not a requirement of the disclosure exercise. Only calculations for the prescribed period will be provided.
Real Increase in Pension (RIP) figure.
The calculations for disclosure compare the opening balance plus pension increases against the closing balance, this is to produce the RIP figure.
In some cases, the real increase in value and the pension benefits accrued for the single total figure of remuneration can be negative. In other words, there can be a real decrease. This is likely to happen during periods of pay restraint and/or where inflation is higher than pay increases.
The final salary pension of a member in employment is calculated by reference to their pay and length of service. As from 1 April 2022, all members are now in alpha, there will be no increase in service. Their final salary pension will increase from one year to the next by virtue of any pay rise during the year. Where the inflationary increase is higher than the pay rise received, or there is no pay rise, this means that in real terms, the pension value can reduce, hence the negative values.
Another scenario where there can be negative results is where a member is over their Normal Pension Age (NPA). The factors used to calculate the value are such that the value of pension that could have been taken at NPA decreases as the member gets older.
When the Scheme Administrator supplies you with the requested pension information, they will explain the reasons for any real decrease in value or pension element of the single figure of remuneration. They will also provide you with the combined information you need for your reports with the relevant rounding applied.
This is out of scope of the Remuneration project. The process has been changed to meet the challenging deadline. Such requests will be considered after the completion of the exercise, via the statement of work process.
To ensure the scheme administrator delivers to the Tranches, we must adhere to the previously noted dates.
Yes, HM Treasury expect all employers to publish their remuneration reports in this year published accounts. There is no exception process.
Alpha only members have two sets of calculations. Dual members have four sets of calculations.
Unfortunately, the auto acknowledgement failed this year.
A schedule is being developed and will be uploaded to the Resource Accounts page on the Civil Service website in May.
MyCSP are unable to process without the payroll interface data. We require payroll data up to and including January 2025. This is minimum requirement agreed by Cabinet Office, HM Treasury and the NAO.
The employer would need to advise HM Treasury and Cabinet Office they will be providing a late submission, due to change in payroll provider.
Ideally, data for board members will be loaded in advance. If not, the work needs to be covered under a Statement of Work in time for the calculations to be produced under Tranche 2.
No. The process remains the same.
Requests for PCSPS/alpha Ill Health retirement details should be made via email to: resourceaccounts2025@mycsp.co.uk.
No. The Scheme Administrator (MyCSP) will not require a list of members; they just require the email request.
The details will only be issued once a request has been made. This data is sensitive and can only be issued via a formal request.
Since CSCS payments are paid by the employer, this information can be obtained from your payroll provider or HR system.
Yes. You can make a request to the Scheme Administrator via the Statement of Work process. Please consult your Employer Relationship Manager.