A back door tax by the Treasury. The money collected from income earners is used to pay for most social security benefits.
A scheme which provides pensions and other social security benefits. Some benefits are dependent on contributions you have paid, whilst other benefits are means tested. Employees pay higher contributions and have a greater entitlement to benefits than do the selfemployed. Contributions are also payable by employers.
A form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of the state's social security system and ultimately controlled by the Department of Social Security.
a tax levied on wages and salaries in the UK which is used to finance state benefits.
(N.I) Tax levied on salaries in the UK which is used to finance state benefits and pensions.
A form of tax on salary which funds state benefits.
The national system of benefits paid in specific situations, such as retirement, based on compulsory earnings-related contributions by employers and employees. Self-employed people make contributions on a different basis.
A Self Employed person does not automatically have National Insurance (NI) contributions deducted from salary like an employed person, so they have to make arrangements to pay their own. The Inland Revenue have a special department set up to help Self Employed people do this, and it may be possible to avoid paying any NI contributions if your income is below a certain level.
Contributions (linked to some Social Security benefit rights, )but collected as a form of tax on employment incomes (Class 1) and self employment incomes (Class 4). There is also a flat rate Class 2 payable by the self-employed.
Social insurance program in Britain; based on contributions from employers and employees; provides payments to unemployed and sick and retired people as well as medical services.
If you work you pay contributions to the National Insurance. The money is used for Jobseeker's Allowance, Incapacity Benefit, Retirement Pensions, Bereavement Benefits and Maternity Allowance.
A form of taxation which you pay as you earn, used to fund certain state benefits.
This is money that the Government takes from both workers and employers . The amount depends on how much the worker earns. Some Government benefits , such as the basic state pension and SERPS (or its replacement, the State Second Pension ), depend on how much national insurance you have paid.
National insurance is part of the UK's tax system. Employers and employees pay national insurance contributions once pay reaches a certain level and this provides the employee with eligibility for certain state benefits. Self-employed people also pay national insurance contributions, but different rules apply.
A form of tax on your salary or wages, used to fund certain state benefits.
National Insurance (NI) is a system of taxes, and related social security benefits, that has operated in the United Kingdom since its introduction in 1911, and wider extension by the government of Clement Attlee in 1946.