§ Mr. MeacherTo ask the Secretary of State for Northern Ireland if he will estimate(a) the first year and (b) the full year total cost to the national insurance fund in (i) 1991–92 and (ii) 1992–93, of allowing people to contract out of the state earnings-related pension scheme
Analysis of contribution income in 1992–931 by class of contribution Northern Ireland (£ millions) Class 1 Class 2 Class 3 Class 4 Total Primary (Employees) Secondary (Employers) Total Class 1 National insurance fund Gross contributions before contracted-out reductions 336.4 521.1 857.5 10.1 0.7 12.8 881.1 Less contracted-out contributions reductions2 75.8 113.5 189.3 — — — 189.3 Net contributions3 260.6 407.6 668.2 10.1 0.7 12.8 691.8 National health service 40.8 51.7 92.5 1.9 0.1 2.9 97.4 Total contributions3 301.4 459.3 760.7 12.0 0.8 15.7 789.2 1 The contributions are partly in respect of 1992–93 and partly in respect of earlier years. 2 Including rebates and incentives in respect of personal pensions and incentives in respect of occupational pension schemes. 3 Before deducting recoveries including abatements in respect of statutory sick pay and statutory maternity pay estimated at £14.94 million and £7.7 million respectively.
Contracted-out rebate and 2 per cent, incentives in respect of personal pensions and 2 per cent, incentives for contracted-out schemes Northern Ireland (£ million) Rebates personal pensions Incentives Paid in year In respect of year Employee Employer Total Personal pensions New schemes Total Grand total 1991–92 1990–91 12.2 23.1 35.3 10.9 2.4 13.3 48.6 1989.90 and earlier 0.2 0.5 0.7 0.2 0.1 0.3 1.0 Total 12.4 23.6 36.0 11.1 2.5 13.6 49.6 1992–93 1991–92 14.1 26.7 40.8 13.6 3.1 16.7 57.5 1990–91 and earlier 0.3 0.6 0.9 0.3 0.1 0.4 1.3 Total 14.4 27.3 41.7 13.9 3.2 17.1 58.8