HC Deb 30 April 1980 vol 983 c523W
Miss Richardson

asked the Secretary of State for Social Services what has happened to the surplus in the national insurance fund at the end of each financial year since 1969–70.

Mrs. Chalker

The surplus at the end of one year becomes part of the opening balances for the following year. The balance in the fund above day-to-day requirements is invested and the interest earned forms part of the income of the fund.