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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 ]
A British 1948 National Insurance stamp, once used to collect contributions to the scheme. 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.
England and Wales, Scotland and Northern Ireland, except that sections 1, 3, 5, 7 and 9 extend only to England and Wales and Scotland, sections 2, 4, 6, 8 and 10 extend only to Northern Ireland, and an amendment, repeal or revocation contained in Schedule 1 or 2 has the same extent as the enactment or instrument to which it relates. [2] Dates
An Act to provide for Insurance against Loss of Health and for the Prevention and Cure of Sickness and for Insurance against Unemployment, and for purposes incidental thereto. Citation: 1 & 2 Geo. 5. c. 55: Territorial extent England and Wales; Scotland; Northern Ireland: Dates; Royal assent: 16 December 1911: Commencement: 1 July 1912
Parliament of England; Royal statutes, etc. issued before ... (Re-rating and Northern Ireland National Insurance Fund Payments) Order (Northern Ireland) 1995 (S.R ...
It was a historic result, with a nationalist party emerging with the most seats for the first time. Michelle O’Neill, the Sinn Fein leader in Northern Ireland, is in line to take the symbolic ...
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]
What is the Northern Ireland Protocol? Jointly agreed by the UK and EU, it is the part of the Brexit Withdrawal Agreement that deals with the main obstacle in the divorce talks – the Irish land ...
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