HR Glossary

What is National Insurance Contributions (NIC)?

Mandatory payroll contributions paid by employees, employers, and self-employed workers in the United Kingdom to fund the State Pension, NHS, and welfare benefits, with multiple classes, earnings thresholds, and rates administered by HMRC.

Why it matters in hiring

National Insurance Contributions (NIC) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with N

• Nano-Degree
• National Employment Standards (NES) (Australia)
• National Insurance
• National Living Wage
• National Minimum Wage
• Net Pay
• New Hire Checklist
• NHS

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