Report by the Government Actuary on the draft Social Security Benefits Up-rating Order 2014; the Welfare Benefits Up-rating Order 2014; and the draft Social Security (Contributions) (Re-rating and

This report considers the potential effect on the National Insurance Fun of the draft Social Security Benefits Up-rating Order 2014; the draft Social Security (Contributions) (Re-rating and National Insurance fund Payments) Order 2014; the Welfare Benefits Up-rating Order 2014 & the draft Social Security (Contributions) (Limits and Thresholds) (Amendment) Regulations 2014. It is confined to the National Insurance Fund in Great Britain. It concludes that the balance in the National Insurance Fund at 31 March 2014 is estimated to be GBP22 billion. This is GBP5 billion lower than estimated last year and it is expected that on the basis of assumptions made that a payment will be required during 2014-15 to the Fund out of money provided by Parliament