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The UK funds the health care system with what is know as National Insurance contributions that comes out of your pay packet; which also covers a basic state pen
by xd 14y ago
The UK funds the health care system with what is know as National Insurance contributions that comes out of your pay packet; which also covers a basic state pension. Companies will also pay what are known as on costs to top up the NI contributions. I think together they work out at around 12% of your own salary and the company pays ~12% on top.
I get the distinct impression that taxes in the UK are just thrown into one big pot anyway so NI contributions are just another general tax.
- petercooper 14y agoThe UK funds the health care system with what is know as National Insurance contributions that comes out of your pay packet Technically NICs are for the social security system generally, including most major benefits, state pension, unemployment, and sick pay. On their own they couldn't be able to fund all of this plus the health service (I don't have the numbers but I'd be surprised if they could even fund just the health service). I get the distinct impression that taxes in the UK are just thrown into one big pot anyway so NI contributions are just another general tax. Essentially, yes. The government has been considering merging the two into a new, higher income tax in recent years.