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:
“He left behind, as his essential contribution to literature, a large repertoire of jokes which survive because of their sheer neatness, and because of a certain intriguing uncertaintywhich extends to Wilde himselfas to whether they really mean anything.”
—George Orwell (19031950)
“Is a man too strong and fierce for society, and by temper and position a bad citizen,a morose ruffian, with a dash of the pirate in him;Mnature sends him a troop of pretty sons and daughters, who are getting along in the dames classes at the village school, and love and fear for them smooths his grim scowl to courtesy. Thus she contrives to intenerate the granite and the feldspar, takes the boar out and puts the lamb in, and keeps her balance true.”
—Ralph Waldo Emerson (18031882)