National Insurance - Contribution Classes

Contribution Classes

National insurance contributions (NICs) fall into a number of classes. Class 1, 2 and 3 NICs paid are credited to an individual's NI account, which determines eligibility for certain benefits - including the state pension. Class 1A, 1B and 4 NIC do not count towards benefit entitlements but must still be paid if due.

Read more about this topic:  National Insurance

Famous quotes containing the words contribution and/or classes:

    If melodrama is the quintessence of drama, farce is the quintessence of theatre. Melodrama is written. A moving image of the world is provided by a writer. Farce is acted. The writer’s contribution seems not only absorbed but translated.... One cannot imagine melodrama being improvised. The improvised drama was pre-eminently farce.
    Eric Bentley (b. 1916)

    I am ... by tradition and long study a complete snob. P. Marlowe and I do not despise the upper classes because they take baths and have money; we despise them because they are phony.
    Raymond Chandler (1888–1959)