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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.
The National Insurance Act 1911 (1 & 2 Geo. 5. c. 55) created National Insurance, originally a system of health insurance for industrial workers in Great Britain based on contributions from employers, the government, and the workers themselves. It was one of the foundations of the modern welfare state.
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
National Bank of the Republic of Belarus: Belgium: European Central Bank through European Banking Supervision ; National Bank of Belgium ; Financial Services and Markets Authority (FSMA) Belize: International Financial Services Commission (IFSC) ; Office of Supervisor of Insurance & Private Pensions (OSIPP) Benin
National Insurance Act 1946; National Insurance Fund; National Insurance number; NHS Low Income Scheme; O. Old Age Pensions Act 1908; P. Pension Credit; Pensions ...
Germany has the world's oldest national social health insurance system, [1] with origins dating back to Otto von Bismarck's Sickness Insurance Law of 1883. [2] [3] In Britain, the National Insurance Act 1911 included national social health insurance for primary care (not specialist or hospital care), initially for about one-third of the population—employed working class wage earners, but not ...
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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