Introduction – Number Insurance
Two types of an insurance number are provided to people. The National Insurance Number is used by the United Kingdom in the supervision of the National Insurance or social security system. The social insurance number (SIN) is issued by the Canada government to administer many government programs. In the United Kingdom, the insurance number is also used for tax systems. The reason for using a insurance number for tax system in the UK is that the number is allocated to almost every adult local of the country. This is also used for checking identity in some cases. The social insurance number issued in Canada has the similar functionality as that of the national insurance number in the UK. This is also used for tax reporting purposes. The national insurance number is usually written as NI No or NINO. These numbers are usually not related to insurance, but they are related to taxing purposes, in fact. People often confuse these numbers with the insurance plans.
History – Number Insurance
The insurance number in Canada was founded in 1964. The main motive of this insurance number was to provide the client a account number in the supervision of the Canada Pension Plans. The program was also started under Canada’s employment insurance program. The actual use of an insurance number for taxing purpose was done in the year 1967. After this, the program was administrated by the Canada Revenue Agency. In UK, the insurance number was started around 1960. The purpose of a national insurance number was similar to that of the Canada insurance number. However, in UK, the insurance number has other functions also. The format of national insurance number and social insurance number is also different from one another.
Features – Number insurance
Both the social insurance number and national insurance number possess similar features. However, there are some differences too. The insurance number in UK is provided to every person that is born and residing in the UK. This is provided prior to their 16th birthday. This is not necessary that you may get the number on before your 16th birthday. In some cases, it may take long time for getting the insurance number. The social insurance number in Canada has become the national identification number. This is helpful in the identification of a person. This works similarly as the Social Security Number works in the United States. Persons that wish to work in Canada or UK can get the insurance number as per the demand. They can apply for the insurance number through the Department of Work and Pensions (DWP) in UK. The process of getting an insurance number in Canada is similar to the UK.
Tips and comments – Number insurance
The SINs are not valid if there is no expiry date listed on the card. This means that you must check that there is an expiry date written on the number insurance card. If there is not, you must go to the card organization and ask them to sort out the problem.
