§ Mr. WillettsTo ask the Chancellor of the Exchequer what is the total of(a) interest so far accrued by the National Insurance Fund as a result of the late disbursement of the age-related rebates on contracted-out money purchase pension schemes and (b) interest so far owing to providers of COMP schemes as compensation for late disbursement of rebates.[125631]
§ Dawn Primarolo[holding answer 13 June 2000]: In relation to 1997–98, additional interest so far paid to pension providers as a result of late national insurance rebates is some £46.2 million. On the assumption of a 6 per cent. rate of return on gilts, an equivalent amount of interest has accrued to the National Insurance Fund. The amount of interest accrued and the compensation to money purchase schemes specifically cannot be calculated.
§ Mr. St. AubynTo ask the Chancellor of the Exchequer if he will estimate the revenue implications of levying employer national insurance contributions on(a) private medical insurance offered to employees, (b) employee Christmas parties, (c) rape alarms for employees, (d) sports facilities for employees and (e) nursery facilities for employees.[126183]
107W
§ Dawn PrimaroloI refer the hon. Member to the reply I gave the hon. Member for Brentwood and Ongar (Mr. Pickles) on 9 February 2000Official Report, column 216W.