Tim Loughton – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Tim Loughton on 2016-09-15.

To ask Mr Chancellor of the Exchequer, what the surplus/deficit in the National Insurance Fund is.

Jane Ellison

There are two separate National Insurance Funds (NIF) one for Great Britain and a significantly smaller Northern Ireland Fund.

The balance on the GB NIF as at 31 March 2015 was £20.9bn and the Northern Ireland NIF was £0.5bn. These balance can be found in the accounts which were published on 29 October 2015, available here: https://www.gov.uk/government/publications/national-insurance-fund-accounts.

The NIF accounts for the year ending 31 March 2016 are currently in the process of being audited prior to publication.