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:
“The corruption of the age is produced by the individual contribution of each one of us; some contribute treachery, others injustice, irreligion, tyranny, avarice, cruelty, in accordance with their greater power; the weaker ones bring stupidity, vanity, passivity, and I am one of them.”
—Michel de Montaigne (1533–1592)
“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 dame’s 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 (1803–1882)