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National Insurance Fund

Volume 31: debated on Friday 12 November 1982

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asked the Secretary of State for Social Services what would be the cost for each percentage point increase in the Exchequer contribution to the national insurance fund.

asked the Secretary of State for Social Services what revenue would be gained by abolishing the ceiling on employees' contributions to the national insurance fund.

On the assumption that with effect from April 1983 the ceiling would be abolished for employees' contributions, but would be retained for employers' contributions and for contracting out contributions, the additional revenue would be approximately £470 million over that shown in the report by the Government Actuary on the draft of the Social Security (Contributions, Re-rating) Order 1982.