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Definition of

National Insurance contributions


money paid into UK social insurance plan in the United Kingdom, payments made by both employers and employees to the government. The contributions, together with other government receipts, are used to finance pensions given by the government and other benefits such as welfare.

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Definitions of ’National Insurance contributions’ and meaning of ’National Insurance contributions’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’National Insurance contributions’ and other financial terms with our online QFINANCE Financial Dictionary.

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