HC Deb 20 December 1973 vol 866 c378W
Mr. Meacher

asked the Secretary of State for Social Services what further income would accrue to the National Insurance Fund if there were no upper limit on the level of earnings upon which employed persons were required to pay contributions.

Mr. Dean

The estimated extra income from graduated contributions at 5 per cent. a side would be £250 million a year at the present time if the upper limit of £54 a week were abolished. There would also be an extra £45 million in Treasury supplement.

Mr. Meacher

asked the Secretary of State for Social Services what additional income he estimates would accrue to the National Insurance Fund in 1976–77 expressed in October 1972 earnings levels if all married women were required to pay class I standard contributions.

Mr. Dean

£110 million from contributors with additional Treasury supplement of £20 million.

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