National Insurance contributions (NICs)

Amounts payable to HM Revenue & Customs ( by employees, their employers, and by self-employed workers. The amount of NIC payable by any person is determined by multiplying the relevant earnings, benefits or profits of the employee or self-employed person by the relevant percentage. (The self-employed also pay a fixed rate amount.) The percentage will depend on the class (for NIC purposes), the person and the level of earnings or profits. NIC is typically not payable below a prescribed earnings or profits lower limit, and is payable at a reduced rate, beyond a prescribed earnings or profits upper limit.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247244918057", "objName" : "National Insurance contributions (NICs)", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "22cb5d43d:1514308e777:-5ced", "analyticsSessionCookie" : "22cb5d43d:1514308e777:-5cec", "statisticSensorPath" : "" }