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Investments glossary

National Insurance Contributions (NIC)


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Quotes of the day:

Those noble men who falsehood dread In wealth and glory ever grow, As flames with greater brightness glow With oil in ceaseless flow when fed.

— Sanskrit Proverb

National Insurance Contributions are payments made by employees and employers into the United Kingdom’s National Insurance (NI). National Insurance contributions initially funded programs for the ill and unemployed, and later on eventually paid for state pensions, too. Contributions fall into categories that can either count toward an individual’s eligibility for benefits or are paid without counting towards any type of entitlement depending on the category it falls under.

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