Independent report

Report to Parliament on the 2018 re-rating and up-rating orders

The Government Actuary’s annual report on the impact on the Great Britain National Insurance Fund of the year’s orders for benefit and contribution-related uprating.

Documents

Report by the Government Actuary on: The draft Social Security Benefits Up-rating Order 2018; and The draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2018

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Details

This report has been prepared for Parliament under sections 142(1), 150(8), 150A(5) and 151A(6) of the Social Security Administration Act 1992 (SSAA 92) and section 11(5) of the Welfare Reform and Work Act 2016 (WRAWA 16). It considers the potential effect on the Fund of:

  • the draft Social Security Benefits Up-rating Order 2018 (“the draft Up-rating Order”)

  • the draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2018 (“the draft Contribution Regulations”).

Published 16 January 2018