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:

    Advertising is a racket, like the movies and the brokerage business. You cannot be honest without admitting that its constructive contribution to humanity is exactly minus zero.
    F. Scott Fitzgerald (1896–1940)

    There are three classes into which all the women past seventy that ever I knew were to be divided: 1. That dear old soul; 2. That old woman; 3. That old witch.
    Samuel Taylor Coleridge (1772–1834)