§ Mr. FlynnTo ask the Secretary of State for Social Security if he will estimate the yield of national insurance contributions at current rates, gross and net of rebates, in(a) 2000–01, (b) 2010–11, (c) 2020–21 and (d) 2030–31, if from 1998 the lower earnings limit were increased in line with prices and upper earnings limit were (i) increased in line with prices and (ii) earnings or (iii) abolished; and what would be the yield if, in each case, the lower earnings limit were increased in line with earnings. [5897]
§ Mr. HealdThe information is not available in the format requested and could be provided only at disproportionate cost. Such information as is available is in the table.
National insurance contributions: £ billion at 1994–95 prices Great Britain Class 1 employee and employer 2000–01 2010–11 2020–21 2030–31 Lower and upper earnings limits both increased in line with prices Gross 57.45 68.25 77.05 83.20 C/O rebate 5.95 5.85 5.55 5.60 Net 51.50 62.40 71.50 77.60 Lower earnings limits increased in line with prices and no upper earnings limit for employees and employers1.2 Gross 62.55 76.25 88.95 99.50 C/O rebate 5.95 5.85 5.55 5.60 Net 56.60 70.40 83.40 93.90 Source:
Government Actuary's Department.
Notes:
1. Calculations are based on assumptions adopted for the Report by the Government Actuary on the Third Quinquennial Review under Section 137 of the Social Security Act 1975 HC 160.
1 Assumes an upper earnings limit remains in place for the calculation of contracted-out rebates.
1 Assumes that the current 10 per cent. contribution rate for employees would apply to earnings above the upper earnings limit.