Claim: National Insurance contributions fund state pensions and the NHS.
Fact-check: National Insurance contributions don't determine how much is spent on health and welfare - Full Fact
Verdict: this doesn't give the whole picture. revenue from nics is notionally separate from other tax revenue and for the purposes of the nhs, state pensions and other social security. but general tax revenue is also used to pay for these things, and a reduction in the money raised through nics wouldn't necessarily require a reduction in the amount spent on the nhs, pensions and other benefits.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2024-03-15T00:00:00