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NIC (National Insurance Contribution)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › NIC (National Insurance Contribution)

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by unaiza.
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  • September 22, 2015 at 12:02 pm #272752
    unaiza
    Participant
    • Topics: 37
    • Replies: 97
    • ☆☆

    Class 1 NIC Primary and Secondary both are calculated on the basis of cash earnings can you please write a list of all cash earnings.
    Thanks A lot

    September 25, 2015 at 10:44 am #273514
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    The main ones you will have to deal with are quite simply salary, wages, commission and bonuses received, but would also include such things as:
    – payment for travel between home and work
    – mileage allowance paid above the 45p / mile approved rate
    – sick pay
    – vouchers exchangeable for cash or goods

    September 25, 2015 at 7:20 pm #273588
    unaiza
    Participant
    • Topics: 37
    • Replies: 97
    • ☆☆

    thanks a lot

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