National Insurance
Tax and social benefit system in the UK, introduced in 1911
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National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.
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'I don't yet know' if govt can cut taxes again after NI reduction, Hunt saysChancellor Jeremy Hunt is unsure if the government can afford further tax cuts - as a National Insurance (NI) reduction comes into force today.Sky News - Published | |
National Insurance to be cut from 12% to 10% - as state pension and Universal Credit to riseNational Insurance is to be cut by two percentage points, the chancellor has announced in his autumn statement - as he pledged to "honour the triple lock in full" and increase Universal Credit.Sky News - Published |
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