Our state pension, benefits, health service and more are all funded by National Insurance contributions (NICs).
These are paid in different ways and at different rates by employers, employees and the self-employed, and they can also be paid voluntarily.
Recently, the differences in the way NICs are paid by those groups has created some controversy, and could lead to future changes to the National Insurance (NI) system.
In this Active Practice Update we take you through the current National Insurance regime including:
- How does National Insurance work?
- NI and employment status
- Sole traders
- Limited company directors
- Working multiple jobs
- Credits and voluntary contributions
For more information call 01772 741200