National Insurance

National Insurance is a system in the UK where individuals and employers contribute financially to fund various social benefits, such as the State Pension, unemployment benefits, and healthcare services. It operates through payroll deductions, typically from wages, and is mandatory for most workers. Contributors earn “National Insurance credits,” which help determine eligibility for benefits and pensions. Essentially, it’s a way to share the financial responsibility for social support among everyone in the workforce, ensuring that support is available for those in need during times of unemployment, illness, or retirement.