National Insurance Contributions (NIC)

For SPP purposes these are the Class 1 NICs paid by employers and their employees. Both the employer and the employee must be liable to pay Class 1NICs or would be but for the employee’s level of earnings or age.

For SPP recovery or funding purposes, they are the total gross employer’s secondary plus all their employees’ primary Class 1 NICs liability in all the employer’s PAYE schemes.