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The Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021

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Prescribed percentage of estimated benefit expenditure – Great Britain

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7.  Section 2(2) of the Social Security Act 1993 (payments into National Insurance Fund out of money provided by Parliament) has effect with respect to the tax year 2021-22 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that tax year shall be 17 per cent.

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