162 Destination of contributions
Social Security Administration Act 1992 (1992 c 5) | Legislation

162  Destination of contributions

(1)     Contributions received by the [Inland Revenue] . . . shall be paid by [them] into the National Insurance Fund after deducting . . . the appropriate national health service allocation . . ..

(2)     . . .

[(2A)     [The reference to contributions in subsection (1) above includes] payments on account of contributions made in accordance with regulations under section 3(5) of the Contributions and Benefits Act (payments on account of directors' contributions).]

(3)     The additions paid under section 1(5) of the Contributions and Benefits Act shall be paid, in accordance with any directions given by the Treasury, into the National Insurance Fund.

[(4)     There shall be paid into the National Insurance Fund—

(a)     so much of any interest recovered by the Inland Revenue by virtue of paragraph 6 of Schedule 1 to the Contributions and Benefits Act [or section 101 of the Finance Act 2009][, or from persons in Great Britain by virtue of paragraph 6 of Schedule 2 to] [the Contributions and Benefits Act,] as remains after the deduction by them of any administrative costs attributable to its recovery,

(b)     the amounts apportioned to [contributions] under sub-paragraph (6) of paragraph 7 of Schedule 1 to the Contributions and Benefits Act in respect

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