Introduction to National Insurance Contributions (NICs)

The imposition of NICs on employment-related securities and options is achieved through two pieces of legislation:

The Social Security Contributions and Benefits Act 1992 (SSCBA92), and

The Social Security (Contributions) Regulations 2001 (SSCR01).

Their effect is described below. A full chronology of the NICs legislation is set out in ERSM170710.

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