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NI is presented as if it is a fund you contribute to for your pension. Of course the reality is any money deposited in the fund is immediately "loaned" to the g
by tonyedgecombe 2y ago
NI is presented as if it is a fund you contribute to for your pension. Of course the reality is any money deposited in the fund is immediately "loaned" to the government to cover current spending.
- switch007 2y ago> NI is presented as if it is a fund you contribute to for your pension No it is not. It establishes some entitlements, not a fund Gov.uk: "You pay National Insurance contributions to qualify for certain benefits and the State Pension."
- tonyedgecombe 2y agohttps://en.wikipedia.org/wiki/National_Insurance_Fund https://en.wikipedia.org/wiki/National_Insurance_Fund
- deleted 2y ago[deleted]