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Fund (Income And Expenditure)

Volume 462: debated on Tuesday 1 March 1949

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asked the Minister of National Insurance to state the income of the Insurance Fund from 1st July to 31st December, 1948, and the expenditure separately in respect of the various benefits specified in the National Insurance Act, 1946, Section 10 (1), and in accordance with Section 37 (2).

The income of the National Insurance Fund from 5th July, 1948, to 31st December, 1948, was approximately £257 million. The expenditure in respect of the various benefits specified in Section 10 (1) of the National Insurance Act, 1946, during the same period amounted to approximately £169 million, sub-divided as follows:

£million
Unemployment Benefit8
Sickness Benefit27
Maternity Benefit4
Widows' Benefits and Guardians' Allowances10
Retirement Pensions120
Death Grant (not payable before 5th July,1949)Nil.
Total169
Payments under Section 37 (2) of the Act made in respect of the same period amounted to approximately £18¼ million.