National Insurance Contributions

Treasury written question – answered on 13th March 2007.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North

To ask the Chancellor of the Exchequer what estimate he has made of the additional income to the National Insurance Fund which would be raised by removing the upper earnings limit and levying a standard percentage on all incomes above that limit.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

Removing the upper earnings limit and levying the main percentage rate on all incomes above that limit would result in an additional estimated income to the National Insurance Fund of £6.6 billion in 2006-07.

This estimate is consistent with PBR 2006 assumptions.

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