National Insurance Contributions
National Insurance Contributions establish entitlement to different state benefits, both for workers and their families. Everyone should have a basic understanding of how the system works, so this short course explains how NICs depend on employment status, earnings, and whether there are gaps in an individual's NI record.
National Insurance Contributions
This course will enable you to
About the course
National Insurance Contributions (NICs) account for around 20% of the UK’s total tax receipts each year, which equates to more than £180 billion. NICs are a way to establish entitlement to a number of state benefits, both for workers and their families.
NICs are payable by those who are employed, self-employed or employed by their own company, and different rates and rules apply to different circumstances. The class of contributions an individual pays depends on their employment status, earnings, and whether they have any gaps in their NI record.
This short course looks at the detail of each class of contribution, and also considers employment allowance and statutory payments.
