How National Insurance Is Going To Effect Me account-ease.co.uk
The National Insurance fund was introduced in England back during World War I as a way for employers and employees alike to contribute towards their own healthcare needs. However, it quickly expanded into providing support for people who lost jobs or were unable to access medical treatment because of it, which is why today’s taxation system includes both employee payrolls AND self-employed profits tax payments too!
National Insurance contributions (NIC) are essentially payments made by both employees and self-employed people to help cover their future healthcare costs and other benefits like maternity or unemployment pay. The amount you pay depends on how much you earn, and there are different rates for employees and the self-employed
Report Story