Business, Legal & Accounting Glossary
noun a proportion of income paid each month by an employee and the employee’s company to the National Insurance scheme, which pays for medical care, hospitals, unemployment benefits, etc. AbbreviationNIC a proportion of income paid each month by an employee and the employee’s company to the National Insurance scheme, which pays for medical care, hospitals, unemployment benefits, etc.
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This glossary post was last updated: 20th November, 2021 | 0 Views.