National Insurance (UK)

National Insurance (NI) in the UK is a system of financial contributions paid by employees, employers, and self-employed individuals. These contributions fund various state benefits, including the State Pension, unemployment benefits, and healthcare through the National Health Service (NHS). Individuals typically pay NI as a percentage of their earnings, and the amount varies based on income levels. NI helps ensure that citizens receive financial support during times of need, such as illness, unemployment, or retirement, fostering a safety net for the population.