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 2024-25 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that year shall be 5 per cent.

Article 4(3) of the Social Security (Northern Ireland) Order 1993 (payments into Northern Ireland National Insurance Fund out of appropriated money) has effect with respect to the tax year 2024-25 and the prescribed percentage of estimated benefit expenditure for the financial year ending with 31st March in that year shall be 5 per cent.