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National Insurance

Volume 77: debated on Monday 15 April 1985

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asked the Chancellor of the Exchequer if he will break down his estimate of the extra revenue, over thepresent limit, in a full year, which will accrue to the Exchequer from the abolition of the upper limit for employers' national insurance contributions to indicate the amount to be raised on emoluments up to an annual maximum of £16,000, £18,000, £20,000, £25,000 and £30,000, respectively.

I have been asked to reply.The Government Actuary's estimates are:

Annual EarningsAdditional revenue from secondary contributions in a full year
££ million
Up to 16,00075
over 30,000150