national insurance (Meaning)
national insurance (n)
social insurance program in Britain; based on contributions from employers and employees; provides payments to unemployed and sick and retired people as well as medical services
Synonyms & Antonyms of national insurance
No Synonyms and anytonyms found
national insurance Sentence Examples
- National insurance contributions are mandatory payments made by employees and employers in the United Kingdom to support the welfare system.
- National insurance deductions are taken directly from an individual's salary before income tax is calculated.
- The National Insurance Act of 1946 established the national insurance system in the UK.
- National insurance payments cover a range of social security benefits, including unemployment benefits, sickness benefits, and retirement pensions.
- Self-employed individuals are also required to pay national insurance contributions, but they do so through a different system.
- The national insurance system has undergone numerous reforms over the years, with changes affecting the rates of contributions and the benefits provided.
- The current national insurance rates are set by the government and are reviewed regularly.
- The national insurance number is a unique identifier used by the government to track an individual's contributions and benefits.
- National insurance scams are illegal attempts to defraud the national insurance system, and they can result in severe penalties.
- The national insurance system is essential for providing a social safety net for UK citizens and residents.
FAQs About the word national insurance
social insurance program in Britain; based on contributions from employers and employees; provides payments to unemployed and sick and retired people as well as
No synonyms found.
No antonyms found.
National insurance contributions are mandatory payments made by employees and employers in the United Kingdom to support the welfare system.
National insurance deductions are taken directly from an individual's salary before income tax is calculated.
The National Insurance Act of 1946 established the national insurance system in the UK.
National insurance payments cover a range of social security benefits, including unemployment benefits, sickness benefits, and retirement pensions.
