Expenditure
Illustrated below are the Plan's expenses for the year to 30 September 2008:

| Expenditure | Value |
|---|---|
| Total | £13.9m |
| Benefits paid | £9.7m |
| Transfers out and refunds | £2.2m |
| Administrative expenses | £1.5m |
| Life assurance premium | £0.5m |
| Summary | Value |
|---|---|
| Decrease in Plan value | -£90.5m |
| Income | -£76.6m |
| Expenditure | £13.9m |
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