National Insurance Contributions Bill — Clause 3 — Increased product of additional rates to be paid into National Insurance Fund — 13 Jan 2011 at 14:15

The majority of MPs voted against requiring a report on the amount of money required to be raised from Class 4 National Insurance contributions for the health service allocation of National Insurance revenues to grow in real terms each year.

MPs were considering the National Insurance Contributions Bill^[1] The amendment rejected in this vote was:

• Amendment 8, page 2, line 2, at end insert
• 'The National Audit Office shall report to Parliament by the time of Royal Assent on the Finance Act 2011 on the sum that would be required from the product of additional rates in order for the health service allocation to grow in real terms in every year.'.

Had it not been rejected this new subclause in the amendment would have been added to the end of Clause 3^[2] of the Bill.

Clause 3 provided that the additional revenue collected due to an increase in the rate of Class 4 National Insurance contributions would be paid into the national insurance fund. Clause 3 amended Section 162 of the Social Security Administration Act 1992 which left unchanged would have have seen an allocation of the increased revenue paid into the health service.

The Bill provided for equivalent changes were made in respect of Northern Ireland.

"Class 4" and "additional" National Insurance contributions refer to the same thing; "Class 4" contributions are "additional" to "Class 2" contributions.

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• [1] Parliament's webpage on the National Insurance Contributions Bill
• [2] Clause 3 of the National Insurance Contributions Bill as at the time of the vote

Debate in Parliament | Source |