165 Adjustments between National Insurance Fund and Consolidated Fund
Social Security Administration Act 1992 (1992 c 5) | Legislation

165  Adjustments between National Insurance Fund and Consolidated Fund

[(1)     There shall be made out of the National Insurance Fund into the Consolidated Fund, or [by the Secretary of State out of money provided by Parliament to the Inland Revenue for payment into the National Insurance Fund]—

(a)     such payments by way of adjustment as the Secretary of State determines (in accordance with any directions of the Treasury) to be appropriate in consequence of the operation of any enactment or regulations relating to—

.Ìý.Ìý.

(iii)     the repayment or offsetting of benefit as defined in section 122 of the Contributions and Benefits Act[, universal credit][, personal independence payment] or other payments; and

(b)     such payments by way of adjustment as the Inland Revenue determine to be appropriate in consequence of the operation of any enactment or regulations relating to—

(i)     statutory sick pay; .Ìý.Ìý.

(ii)     statutory maternity pay

[(iii)     .Ìý.Ìý. statutory paternity pay;

(iv)     .Ìý.Ìý.

(v)     statutory adoption pay][; .Ìý.Ìý.

(vi)     statutory shared parental pay][; and

(vii)     statutory parental bereavement pay][; and

(viii)     statutory neonatal care pay].]

(2)     Where any such payments as are specified in subsection (3) below fall to be made by way of adjustment, then,

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