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Refund of NI Contributions
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Thank you all for your your comments. The only reason I asked is I know a man who claimed for the eight years he had contributed over the thirty years and got back 18 months.0
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Yes through taxation. Not NI. Never. Not even at the start. NI is benefit/pension specific. NI might be used for health services but that is only because it ultimately goes into the same big pot as income tax, not because it is supposed to.
National Insurance (NI) in the United Kingdom is a system of contributions paid by workers and employers, towards the cost of certain state benefits. It was initially a contributory system of insurance against illness and unemployment, and later also provided retirement pensions and other benefits.[1] It was first introduced by the National Insurance Act 1911, expanded by the Labour government in 1948 and has been subject to numerous amendments in subsequent years.
from wikki....
Stashbuster - 2014 98/100 - 2015 175/200 - 2016 501 / 500 2017 - 200 / 500 2018 3 / 500
:T:T0 -
Silverfox48 wrote: »Thank you all for your your comments. The only reason I asked is I know a man who claimed for the eight years he had contributed over the thirty years and got back 18 months.
I think the man is making things up - in the absence of other factors, he would not have received a penny back. Perhaps he received a tax rebate?0 -
Silverfox48 wrote: »Thank you all for your your comments. The only reason I asked is I know a man who claimed for the eight years he had contributed over the thirty years and got back 18 months.
This would be a man in a pub, I assume.0
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