FINANCE: TABLE 44.02
R .PTS AND PAYMENTS OF THE NATIONAL INSURANCE FUND: FINANCIAL YEARS
£ Thousands
Period 5 July 1948 to 31 March 1949
Year ended 31 March
1951
1956
1961
1966
1971
1972
1973
1974
1975
Receipts
Flat-rate contributions from
employers and insured
persons
Supplement from the
Consolidated Fund
Graduated contributions from
employers and insured
persons
Payments in lieu of
contributions
286,059 400,699 570,290
93,185 139,750 92,000
713,005 1,170,621 |1,459,604 | 1,480,291
170,000 281,788 401,979 492,000
1,533,659 1,682,034 | 2,040,241
556,000 597,000 817,000
Income from investments-
Interest received
1,881
8,300
Transfer from National
Insurance (Reserve) Fund
15,468
Other receipts
4,421
Total receipts
401,014
23,020 5,165
576,934 710,586
9,203
38,255 838
14,896
38,704 391
295,312 774,175 1,042,971
9,484 14,873 16,544
8,690 10,216 11,095
48,522 1,706
1,474,431 1,911,706 | 2,804,062
17,568 21,684 24,408
13,739
29,756 71,465
38,576 38,611
18
14
38,621
21
38,636 75
38,647 124
936,996 1,816,123 2,699,441 3,081,526 3,634,039 4,280,891 5,795,947
Payments
Benefits (b)-
(1) Unemployment
(2) Sickness
15,235 43,489
17,027 15,655 68,581 99,642
30,177 135,000
49,172 150,425 239,357 209,130 174,090 214,122 248,468 373,710 322,661 290,623 306,268 345,319
(3) Invalidity
91,000 196,000
241,540
319,585
(4) Maternity
5,900
(5) Widow's
15,700
(6) Guardian's allowance
450
8,600 21,700 560
(7) Child's special allowance
(8) Retirement pension
176,448
(9) Death grant
Total benefits
Administration expenses
257,222
19,121
248,638 2,552
367,658
22,279 27,650
14,000 35,700 350
432,504 3,248
601,099
20,600 65,500 420 11 676,949 5,806
36,000 136,000
40,000 168,000
42,000
196,000
42,000 220,000
42,000
47,000
245,000
310,000
700 90
520
600 40
70
140
200 1,237,767 | 1,777,770 2,045,251 | 2,368,554 | 2,751,976 | 3,578,379 7,960 11,002 13,405 13,109 13,388 13,900
800 110
1,000
1,300
934,463 1,715,927 2,521,577 2,950,464 3,340,326 3,775,402 | 4,829,805
38,135 59,081 97,992 114,735 124,724 143,401
201,448(e)
Transfer to Northern Ireland
National Insurance Fund..
4,766
12,974 14,023 21,732 21,766 29,743
42,148
Contribution to National
Health Service
27,790
40,489 40,413
Payments to the Post Office,
Consolidated Fund and
Trading Funds
Other payments
Total payments
Excess of receipts over pay-
1,457
305,590
679
431,105
2,210
673,990
ments for year ended 31 March
95,424 145,829
36,596
Excess of payments over
receipts for year ended 31 March
•
806
5,200 3,177
3,050 4,589
4,750 7,800 12,302 3,091
6,000 85,068 94,504(f)
978,170 1,791,073 2,641,969 3,094,570 | 3,497,566 1,041,414 | 5,180,207
41,174
25,050 57,472
13,044
136,473 239,477 615,740
Notes: (a) In the case of benefits (3)-(8) ((4)–(8) from 1974), the division of the total payments within each year is estimated.
(b) From 2 September 1957, separate National Health Service contributions became payable.
(c) The total payments for the year ended 31 March 1953 and 31 March 1956 exclude the sums of £300 million and £100 million of investments
(at cost) which were transferred during those years to the National Insurance (Reserve) Fund at market value.
(d) The total receipts for the year ended 31 March 1969 exclude the capital payment of £200 million made from the National Insurance (Reserve)
Fund during that year.
(e) £133 million was paid to the Vote for the Department of Health and Social Security (including Post Office charges of £48 million), £22
million to the Vote for the Department of Employment and £47 million to the Votes for other Government Departments.
(f) Includes £88 million lump sums of £10 payable under the Pensioners' Payments and National Insurance Act 1973.
(g) The National Insurance Fund took over the assets and liabilities of the National Insurance (Reserve) Fund and the Industrial Injuries Fund from 1 April 1975, when Section 44 of the Social Security Act 1973 came into operation. For details of the receipts and pay- ments of the National Insurance Fund for the years after 1975, please see Table 44.04.
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