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National Insurance Contributions (NIC)

What is 'National Insurance Contributions - NIC'

Payments made by employees and employers into the United Kingdom's National Insurance (NI). National insurance contributions initially funded programs for the ill and unemployed, and later on eventually paid for state pensions too. Contributions fall into categories which can either count toward an individual's eligibility for benefits or are paid without counting towards any type of entitlement depending on the category it falls under.

Explaining 'National Insurance Contributions - NIC'

National insurance contributions are made through payroll and income taxes. Over the years, contributions expanded to cover other government-provided benefits. Limits on contributions were removed from upper income levels, making this a more redistributive program.


Further Reading


National insurance and absence from work
www.jstor.org [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

The financial performance of life insurance companies in GhanaThe financial performance of life insurance companies in Ghana
www.emerald.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Compliance costs for employers: UK PAYE and National Insurance, 1995–96Compliance costs for employers: UK PAYE and National Insurance, 1995–96
onlinelibrary.wiley.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Estimating the impact of changes in employers' National Insurance Contributions on wages, prices and employmentEstimating the impact of changes in employers' National Insurance Contributions on wages, prices and employment
papers.ssrn.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Social evaluation functions, economic isolation and the Suits index of progressivitySocial evaluation functions, economic isolation and the Suits index of progressivity
www.sciencedirect.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

The pensions green paper: a generational accounting perspectiveThe pensions green paper: a generational accounting perspective
onlinelibrary.wiley.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Merging National Insurance Contributions and Income Tax: Lessons of HistoryMerging National Insurance Contributions and Income Tax: Lessons of History
onlinelibrary.wiley.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Insurance sector development and economic growth in NigeriaInsurance sector development and economic growth in Nigeria
academicjournals.org [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Heading for retirement? National Insurance, state pensions, and the future of the contributory principle in the UKHeading for retirement? National Insurance, state pensions, and the future of the contributory principle in the UK
eprints.lse.ac.uk [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …

Inclusion or Insurance? National Insurance and the future of the contributory principleInclusion or Insurance? National Insurance and the future of the contributory principle
papers.ssrn.com [PDF]
… Since NI contributions are independent of loss experience (compared with say motor insurance … 1979] NATIONAL INSURANCE AND ABSENCE FROM WORK 59 immediate financial inducement for claimants … incapacity of 0-38 per person and upon an insured male population …


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