National Insurance (NI) in the United Kingdom was initially a contributory system of insurance against illness and unemployment, and later also provided retirement pensions and other benefits.It was first introduced by the National Insurance Act 1911, and expanded by the government of Clement Attlee in 1946.The contributions component of the system consists of voluntary contributions, National Insurance Contributions (NICs), paid by employees and employers on earnings, and by employers on certain benefits-in-kind provided to employees. The self-employed contribute based upon net earnings.
Tuesday, June 1, 2010
Neelima
National Insurance (NI) in the United Kingdom was initially a contributory system of insurance against illness and unemployment, and later also provided retirement pensions and other benefits.It was first introduced by the National Insurance Act 1911, and expanded by the government of Clement Attlee in 1946.The contributions component of the system consists of voluntary contributions, National Insurance Contributions (NICs), paid by employees and employers on earnings, and by employers on certain benefits-in-kind provided to employees. The self-employed contribute based upon net earnings.
