The National Insurance Fund is shrinking with over 90% of the outlay going on state pensions. The current consensus is that this fund will be completed exhausted by 2032 and that will have drastic implications for our state pensions (despite what the media portray, national insurance does not go into a pot for your pension, but rather pays the current state pensions and provides a tick on your state pension account).
There are several key things to think about when planning in relation to national insurance, and we have provided a short guide here for your information.
