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National Insurance

Volume 205: debated on Friday 6 March 1992

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To ask the Secretary of State for Social Security how much would be raised by abolishing the ceiling on national insurance contributions.

We estimate that if the upper earnings limit for employees' contributions was abolished, the revenue yield for 1992–93 would be about £2·7 billion. If the self-employed upper profits limit was also abolished the additional yield would be about £0·5 billion.