National Insurance
National Insurance in Summary
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.
Introduced by the National Insurance Act 1911 and expanded by in 1948, the system has been subjected to numerous amendments in succeeding years. Initially, it was a contributory form of insurance against illness and unemployment, as well as eventually provided retirement pensions and other benefits.
Weekly income and some lump-sum benefits are provided for participants upon death, retirement, unemployment, maternity and disability. In order to obtain the benefits which are related to the contributions, a National Insurance number is necessary.
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Latest National Insurance News & Video
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Autumn Statement: Jeremy Hunt gives Brits £450 boost by slashing 2p off national insurance
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Labour says Hunt’s NI cut will ‘not remotely’ compensate for Tory tax increases
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Autumn Statement 2023: Analysis following Chancellor Jeremy Hunt’s announcements
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Autumn Statement: National Insurance cut by 2% as state pension and universal credit rises
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Chancellor cuts national insurance for self-employed people | Autumn statement 2023
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Average workers to save £450 per year after national insurance cut | Autumn Statement 2023
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Watch PMQs: Rishi Sunak faces Keir Starmer ahead of Hunt’s Autumn Statement | at noon
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Potential tax cuts ‘too little, too late’, Labour frontbencher says
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