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National Insurance contributions for all UK residents and some non-residents are recorded using the NPS computer system (National Insurance and PAYE Service). This came into use in June and July 2009 [23] and brought NIC and Income Tax records together on one system for the first time.
The three British National Insurance Funds hold the contributions of the National Insurance Scheme, set up by the Government of the United Kingdom in 1911. It was reformed in 1948 and assumed broadly its current form in 1975, when the separate National Insurance (Industrial Injuries) and National Insurance (Reserve) Funds were merged with it. [ 1 ]
An Act to make provision relating to the payment and administration of national insurance contributions and the provision of information in connection with the payment of statutory sick pay and statutory maternity pay, and for connected purposes. Citation: 2004 c. 3: Territorial extent
The National Insurance number is used as a reference number in the Pay As You Earn system, and also by the self-employed. It is also used in applications for Individual Savings Accounts (ISAs), to check that an individual has opened only one ISA in a tax year.
Earned below £1,000 but wish to pay Class 2 National Insurance Contributions voluntarily to protect your entitlement to State Pension and certain benefits. Are a new partner in a business partnership
It amends the law relating to national insurance contributions. Its precursor was an announcement made in the Paymaster General's Pre-Budget Report 2004. [3] HM Revenue and Customs estimated that the Act would secure £95 million in national insurance contributions for the financial year 2004-05 and £240 million per annum in subsequent years. [4]
A British 1948 National Insurance stamp, once used to collect contributions to the scheme. The National Insurance Act 1946 (9 & 10 Geo 6 c. 67) was a British Act of Parliament passed during the Attlee ministry which established a comprehensive system of social security throughout the United Kingdom.
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