Definitions for "National Insurance Contributions"
Most employees, employers and the self-employed pay national insurance contributions. The National Insurance Fund pays out benefits such as Jobseeker's Allowance, retirement pensions and Widow's Benefit.
Effectively a tax which you pay as you earn. It's used to help fund the Social Security system including the State Pension and Unemployment Benefits.
A form of tax that determines entitlement to a range of social security benefits, including the Basic State Pension.