National Insurance - Understanding The Basics
National Insurance - Understanding The Basics National Insurance is a vital component of the social security system in the UK. It is a way to pay for the state benefits and services that we use, such as the National Health Service (NHS), state pension, and unemployment benefits. In this article, we will explore the basics of National Insurance, including what it is, how it works, and who needs to pay it. Introduction National Insurance is a social security system in the UK that is designed to fund state benefits and services. It is a mandatory contribution that most people who work in the UK need to make, and it is paid based on their earnings. National Insurance contributions go towards funding state pensions, the NHS, and other public services. What is National Insurance? National Insurance is a system of contributions paid by employees, employers, and the self-employed. It is used to fund the state benefits and services that we all use, such as the NHS and state pensions. The N...