Employment Contributions

National Insurance Contributions (NICs)
National Insurance Contributions (NICs) are payments made by those with earned income that contribute to the National Insurance Fund, from which various benefits are disbursed including retirement pensions, jobseeker’s allowance, and more.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.