National Insurance contributions
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Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia.
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Work and Pensions Secretary James Purnell is proposing an amendment to the Pension Bill enabling people to buy up to an extra six years of National Insurance contributions.
But the move will have limited scope, as it is available only to people who already have at least 20 years of National Insurance contributions, meaning that many women could still miss out.
The 1% rise in National Insurance contributions on the employer has gone down very badly, and when you look at all the other rises in costs for business, such as increased insurance premiums and pension fund contributions, there is not a case for any new business taxes.
A cut in National Insurance contributions would ease those problems and, hopefully, keep their staff in employment.
There are six types of National Insurance contributions known as classes.
The French firm says that with prices from pounds 11,250 the range enables drivers to cash-in on reduced benefit-in-kind tax charges and employers' National Insurance contributions.
A cardiff City fan has pleaded guilty to failing to declare income tax and National Insurance contributions.
A spokesman for the Government's Insolvency Service said Mr Haigh used pounds 104,303 of PAYE and National Insurance contributions due to the Inland Revenue to continue trading between July 2001 and July 2002.
He added that National Insurance contributions need to be made only if more than pounds 91 per week is earned.
Under new rules, they can claim up to 25 per cent of gratuities to cover national insurance contributions.
Mr Hodgson said that companies often believe that since the Inland Revenue is collecting income tax at 40 per cent in many cases, plus National Insurance contributions, it was unlikely to disallow the expenditure in the company's corporation tax computations.
However, income tax, council tax and now National Insurance contributions have all gone up, shrinking my tiny wage even further.
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