National Insurance: What am I paying for?

National Insurance: What am I paying for?

National Insurance (NI) in the United Kingdom is a system of contributions paid by workers and employers to qualify for certain benefits. The national insurance scheme is administered by HM Revenue and Customs (HMRC). National insurance numbers A national insurance number (NINO) is a number unique to you which is used to keep track of your national insurance contributions and the benefits which you are paid. The number is made up of two letters, six numbers and one letter, for example, AB 123456 C. You must not let anyone else use your number. National Insurance Contributions classes and rates NI Class Who pays How to pay NI rate (2016-17 tax […]