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A 1940 contribution card for an employed woman. The current system of National Insurance has its roots in the National Insurance Act 1911, which introduced the concept of benefits based on contributions paid by employed people and their employer.
The three British National Insurance Funds hold the contributions of the National Insurance Scheme, set up by the Government of the United Kingdom in 1911. It was reformed in 1948 and assumed broadly its current form in 1975, when the separate National Insurance (Industrial Injuries) and National Insurance (Reserve) Funds were merged with it. [ 1 ]
– What is the current rate of employer national insurance? Employers currently pay 13.8% on earnings above £175 a week, or £9,100 a year, under Class 1 NI contributions.
The National Insurance Act Part I provided for a National Insurance scheme with provision of medical benefits. All workers who earned under £160 a year had to pay 4 pence a week to the scheme; the employer paid 3 pence, and general taxation paid 2 pence (Lloyd George called it the "ninepence for fourpence").
“In Northern Ireland, the rise in the rate of national insurance contributions from 13.8% to 15% will hit our agricultural sector hard.” Show comments Advertisement
Each year that National Insurance is paid is called a qualifying year. For 2023–2024, for a qualifying year to count, an individual needs to earn at least £6396 if he/she is an employee, or £6725 if he/she is self-employed, and to have paid (or been credited with) National Insurance contributions based on these earnings.