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Proceeding contribution from Lord Skelmersdale (Conservative) in the House of Lords on Tuesday, 26 February 2008. It occurred during Debates on delegated legislation on Social Security (Contributions) (Re-rating) Order 2008.


Social Security (Contributions) (Re-rating) Order 2008

The cost to the individual of the reduction from 44 years to 30 is, of course, nil, even though they will have to continue paying a stamp while they are in employment. That is readily understandable; in that case, the cost to the individual is, apparently, nil. On the other hand, there will be income into the fund when people buy the extra class 3 stamps—for want of a better word. The Minister needs to explain the thinking more fully. I am sure that he will write in due course, and I do not want to pursue the matter at this hour of the night.


Secondary information

Type
Proceeding contribution
Reference
699 c141GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
National insurance contributions Social security benefits Earnings limits
Legislation
Social Security (Contributions) (Re-rating) Order 2008
Link
View this Proceeding contribution on www.publications.parliament.uk