National Insurance Contributions

What does national insurance pay for?

• Healthcare and benefits like state pensions
• Private pensions
• Overseas aid
• Military weapons
• Venus

The total amount you pay in National Insurance contributions affects how much you receive as a state pension when you retire

• false
• true

National Insurance is deducted as a percentage of your earnings

• true
• false

National Insurance is deducted from which type of pay?

• Gross
• Net

People who take out a student loan only have a deduction for this when

• They earn over a certain amount
• When they turn 21
• When they are unemployed
• When they have savings of more than £2,000 per annum

When you are self-employed, you will normally pay tax ......

• When you complete a tax return
• When they turn 22
• When they are unemployed
• When they have savings of more than £2,000 per annum
• When your employer deducts it

People who take out a student loan only have a deduction for this . . .

• hen they earn over a certain amount
• When they turn 23
• When they are unemployed
• When they have savings of more than £2,000 per annum