Independent report

Report to Parliament on the 2020 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 2020; and The draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2020

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Details

This report has been prepared for Parliament under sections 142(1) of the Social Security Administration Act 1992, as amended by the Social Security Contributions (Transfer of Functions, etc.) Act 1999, and sections 150(8), 150A(5) and 151A(6) of the Social Security Administration Act 1992. It considers the potential effect on the Fund of:

  • the draft Social Security Benefits Up-rating Order 2020 (“the draft Up-rating Order”)
  • the draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2020 (“the draft Contribution Regulations”).
Published 11 February 2020