HC Deb 13 May 2004 vol 421 c480W
Paul Flynn

To ask the Chancellor of the Exchequer what the current unneeded surplus is in the national insurance fund. [172728]

Dawn Primarolo

I refer the hon. Member to table two on page six of the report by the Government Actuary on the drafts of the Social Security Benefits Up-rating Order 2004 and the Social Security (Contributions) (Re-rating and National Insurance Funds Payments) Order 2004 (CM6117).

Any surplus contributions are used to buy gilts on behalf of the fund.

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