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| No.
National Insurance goes to pay, AFAIK, for the NHS, employement/sickness benefits, mat pay and state pension. It's ring fenced but can be borrowed from I think.
So yes, a link. Otherwise why have a link between NI contributions and amount of state pension you're eligible for? | |
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Nope. Ace was right, it goes into general taxation.
There is a link between NIC and the state pension entitlement (and 1 or 2 other benefits) but only to the extent that paying NIC gives you that entitlement. There is no funding link.