national insurance

national insurance
noun
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
• Hypernyms: ↑social insurance

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national insurance noun
A system of compulsory insurance paid for by weekly contributions by employee and employer, and yielding benefits to the sick, retired, unemployed, etc
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Main Entry: ↑nation

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National Insurance UK US noun [uncountable]
a system that all employers and workers in the UK pay into, providing money for people who do not have a job or who are old or ill
Thesaurus: insuring and insurancehyponym types of tax and taxationhyponym

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noun [noncount]
: a British insurance system that workers and their employers contribute to regularly and which gives money to people who are retired, ill, or unemployed

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ˌNational Inˈsurance [National Insurance] noun uncountable (abbr. NI)
(in Britain) a system of payments that have to be made by employers and employees to provide help for people who are sick, old or unemployed

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to pay National Insurance (contributions)

 
Culture:
The money from National Insurance contributions is used by the government for payments to unemployed people and others in need, and also to help pay for the ↑National Health Service. National Insurance is therefore an important part of the ↑welfare state. Every adult has a National Insurance number and this number is used by the ↑Department for Work and Pensions to identify people.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • national insurance — ➔ insurance * * * national insurance UK US noun [U] (ABBREVIATION NI) TAX ► a system in the UK in which the government collects money from workers and companies so that it can make payments to people who are unemployed, ill, or too old to work:… …   Financial and business terms

  • National Insurance — ► NOUN ▪ (in the UK) a system of compulsory payments by employees and employers to provide state assistance for people who are sick, unemployed, or retired …   English terms dictionary

  • National Insurance — Taxation in the United Kingdom This article is part of the series: Politics and government of the United Kingdom Central government HM Treasury HM Revenue and Customs Income tax …   Wikipedia

  • National Insurance — n [U] (abbr NI) (in Britain) a system of payments, called National Insurance contributions, that all working people and employers have to make. The money is used by the government for payments to unemployed people and others in need, and also to… …   Universalium

  • National Insurance contributions — ➡ National Insurance * * * …   Universalium

  • National Insurance number — ➡ National Insurance * * * …   Universalium

  • national insurance — N UNCOUNT In Britain, national insurance is the state system of paying money to people who are ill, unemployed, or retired. It is financed by money that the government collects from people who work or from their employers …   English dictionary

  • National Insurance Company Limited — Type Public sector undertaking Industry Insurance Founded 1906 Headquarters Kolkata …   Wikipedia

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  • National Insurance Act 1911 — Parliament of the United Kingdom Long title ... Statute book chapter 1911 c …   Wikipedia

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