§ Mrs. Beckett
To ask the Secretary of State for Social Security what is the most recent estimate of the cost to the national insurance fund of the 2 per cent. inducement under sections 1 and 7, respectively, of the Social Security Act 1986 in 1989–90; and how much of the cost relates to contributions in respect of 1987–88 and 1988–89, respectively.
§ Mr. Peter Lloyd
Precise information is not yet available on the number of persons who will be eligible for incentive payments in 1989–90. The latest estimate is that incentive payments paid in 1989–90 will be £920 million, of which £370 million relates to 1987–88 and £550 million to 1988–89.
Source: Government Actuary's Department.