What are National Insurance contributions (NICs)?
NICs pay for social security benefits that you may receive later in your life and to help pay for the National Health Service. National Insurance contributions are recorded against a person’s name using a National Insurance Number. NICs are deducted at source from pay by employers and cannot be claimed back. They are only paid once your income exceeds £110 a week. You’ll need to keep a record of your National Insurance Number for any dealings with your tax office and your employer(s). Who do I need to tell when I change address? HMRC needs to be kept informed of your address. This is the individual’s responsibility – don’t assume your college or university will do it – and ensures you won’t miss any important letters or forms – or rebates! Students can find all the information they need at: www.direct.gov.uk/studenttaxadvice.
