HC Deb 23 November 1982 vol 32 cc442-3W
Dr. McDonald

asked the Secretary of State for Social Services what will be the cost in 1983–84 of increasing the upper earnings limit for national insurance contributions to less than the maximum permitted by statute.

Mr. Rossi

On the economic assumptions described in the report by the Government Actuary on the draft of the Social Security (Contributions, Re-Rating) order 1982 (Cmnd. 8742), increasing the upper earnings limit for class 1 contributions to £235 in 1983–84 instead of to £245, the practical maximum permitted by statute, reduces the total national insurance contributions and surcharge which could have been paid in the financial year 1983–84 by about £87 million.