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)
“There are two classes of men called poets. The one cultivates life, the other art,... one satisfies hunger, the other gratifies the palate.”
—Henry David Thoreau (18171862)