Focus On The National Insurance Fund

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Focus On The National Insurance Fund

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The Government Actuary has published his annual report on the National Insurance Fund (NIF) for Great Britain. The report: projects contribution income, benefit payments and the balance of the NIF over the coming financial years is a source of information for MPs who scrutinise the government's draft legislation for up-rating social security benefits and pensions and updating National Insurance contribution (NIC) terms National Insurance contributions are split between the NHS and the NIF. [Read Full Article]