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The national insurance fund account for 1995-96 shows that a net rise of over£2bn in the amount of national insura...
The national insurance fund account for 1995-96 shows that a net rise of over£2bn in the amount of national insurance contributions collected has been achieved.

The fund has seen a net rise in national insurance contributions collected from£37.7bn in 1994/95 to£39.8bn in 1995/96.

For the third year running the National Audit Office (NAO) has given the contribution element of the National Insurance Fund Account, an unqualified report.

Faith Boardman, contributions agency chief executive, commenting on the report said:

'I very much welcome the NAO report. During a period of significant change for the agency, taken as a whole our performance during 1995/96 has been a positive reflection of staff's efficiency and dedication.

'However the NAO report has highlighted a number of issues which we are taking steps to address'.

These steps include, for the first time, a random Class 1A compliance survey which revealed that the vast majority of employers, (82%), are making some payments. The agency see the survey as a significant step towards improving the rate of compliance in this area.

In November 1996, the agency successfully secured resources to mount a three year campaign to combat fraud and abuse.

Under this initiative in 1997/98, the agency will receive an extra£9m to help secure an anticipated extra£82m in national insurance revenue.

The agency also plans to have debt management systems to support the introduction of resource accounting, up and running by April 1998.

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