National Insurance: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
(Expand definition.) |
||
| (12 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
''UK | ''UK tax''. | ||
(NI). | |||
National insurance is a UK tax paid by individuals and employers, nominally to secure certain benefits such as a state pension on retirement or reaching a certain age. | |||
In practice, the links between funding pensions and other benefits, gaining entitlement to these benefits, and the amounts of National insurance contributions paid, are not always consistent or direct. | |||
Sometimes abbreviated to ''NIC'', National Insurance ''Contributions''. | |||
== See also == | == See also == | ||
* [[His Majesty's Revenue & Customs]] (HMRC) | |||
* [[Income Tax]] | |||
* [[Insurance]] | |||
* [[NI]] | |||
* [[Pay as you earn]] | * [[Pay as you earn]] | ||
* [[State Pension]] | |||
* [[Tax]] | |||
* [[Upper earnings limit]] | * [[Upper earnings limit]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 16:17, 19 November 2024
UK tax.
(NI).
National insurance is a UK tax paid by individuals and employers, nominally to secure certain benefits such as a state pension on retirement or reaching a certain age.
In practice, the links between funding pensions and other benefits, gaining entitlement to these benefits, and the amounts of National insurance contributions paid, are not always consistent or direct.
Sometimes abbreviated to NIC, National Insurance Contributions.
