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:
“By what a delicate and far-stretched contribution every island is made! What an enterprise of nature thus to lay the foundations of and to build up the future continent, of golden and silver sands and the ruins of forests, with ant-like industry.”
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“There are four classes of idols which beset men’s minds. To these for distinction’s sake I have assigned names—calling the first class Idols of the Tribe; the second, Idols of the Cave; the third, Idols of the Market-Place; the fourth, Idols of the Theatre.”
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