National Insurance Contributions Act 2014

The National Insurance Contributions Act 2014 is a UK law that made changes to how National Insurance contributions (NICs) are collected and managed. It aimed to simplify the payment process for employers and ensure fairness in contributions, particularly for self-employed individuals. The act also introduced measures for better enforcement and compliance, ensuring that all workers contribute appropriately to the National Insurance system, which funds benefits like the State Pension and healthcare. Overall, it helped streamline the administration of NICs while maintaining essential safety nets for citizens.