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National Insurance Contributions - An additional form of "tax" paid by most employers, employees and self-employed people. The money collected is (broadly) used to pay for social security benefits.
Class 1 Contributions are paid by employers and by employees with earnings above the lower limit.
Class 2 Contributions are paid by the self-employed at a weekly flat rate.
Class 3 Contributions are voluntary and are paid by those who do not earn enough to require Class 1 or Class 2 contributions to be made.
Class 4 Contributions are paid by the self-employed.
class 1 contributions are paid by employers and by employees with earnings above the lower limit.
class 2 contributions are paid by the self-employed at a weekly flat rate.
class 3 contributions are voluntary and are paid by those who do not earn enough to require class 1 or class 2 contributions to be made.
class 4 contributions are paid by the self-employed.
National Insurance Contributions