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Thanks for hints and I was right. NI receipts were £75.8 billion in 2009-10 and expenditure on benefits was £75.4 billion althought with some other costs taken into account the NI fund ran a £4.6 billion deficit but that still left the NI fund £48.6 billion in credit at the end of that year. See: http://www.hmrc.gov.uk/about/ni-fundaccount09-10.pdf Expenditure on state contributory based pensions was £66.4 billion, on incapacity benefit £6.2 billion, and on contributory Job Seekers' Allowance was £1.1 billion. So the scheme currently runs as a pooled risk / inter-generational transfer. Interesting and politically important. David Byrne ****************************************************** Please note that if you press the 'Reply' button your message will go only to the sender of this message. If you want to reply to the whole list, use your mailer's 'Reply-to-All' button to send your message automatically to [log in to unmask] Disclaimer: The messages sent to this list are the views of the sender and cannot be assumed to be representative of the range of views held by subscribers to the Radical Statistics Group. To find out more about Radical Statistics and its aims and activities and read current and past issues of our newsletter you are invited to visit our web site www.radstats.org.uk. *******************************************************