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National Insurance

Volume 76: debated on Thursday 4 April 1985

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asked the Secretary of State for Social Services if he will break down the projected £800 million of additional revenue in a full year from the Budget proposal to abolish the upper limit on employer's national insurance contributions as between additional revenue from (a) earnings between the current cut-off point or its monthly or weekly equivalent and £15,000, (b) earnings from £15,000 to £20,000, (c) earnings from £20,000 to £30,000, and (d) earnings above £30,000.

The Government Actuary's estimates are:

Annual earningsAdditional revenue from secondary contributions in a full year
££ million
Up to 15,00025
15,000 to 20,000300
20,000 to 30,000325
Over 30,000150