NI meaning in Business ?

Answer:

What is National Insurance mean?

National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their families.

Introduced by the National Insurance Act 1911 and expanded by the Labour government in 1948, the system has been subjected to numerous amendments in succeeding years. Initially, it was a contributory form of insurance against illness and unemployment, and eventually provided retirement pensions and other benefits.

Currently, workers pay contributions from the age of 16 years, until the age they become eligible for the State pension. Contributions are due from employed persons earning at or above a threshold called the Lower Earnings Limit, the value of which is reviewed each year. Self-employed persons contribute partly through a fixed weekly or monthly payment, and partly on a percentage of net profits above a threshold which is reviewed periodically. Individuals may also make voluntary contributions to fill a gap in their contributions record and thus protect their entitlement to benefits.

Contributions are collected by HM Revenue and Customs (HMRC). In respect of employees, this is done through the PAYE (Pay As You Earn) system along with Income Tax, repayments of Student Loans and any Apprenticeship Levy which the employer is liable to pay. National Insurance contributions form a significant proportion of the UK Government's revenue.

The benefit component includes several contributory benefits, availability and amount of which is determined by the claimant's contribution record and circumstances. Weekly income and some lump-sum benefits are provided for participants upon death, retirement, unemployment, maternity and disability. In order to obtain the benefits which are related to the contributions, a National Insurance number is necessary.

reference

Full Form	Category
Non-Impact	Academic & Science
Non-Insulated	Academic & Science
NERS (Nuclear Engineering and Radiological Sciences) Internal	Academic & Science
Needs Improvement	Academic & Science
Node Identification	Academic & Science
Node Identifier	Academic & Science
Node Initialization	Academic & Science
No Inhibition	Academic & Science
Natural Intelligence	Academic & Science
Nisource, Inc.	Business
Not Indicated	Business
Next Iteration	Business
Not Included	Business
National Insurance	Business
Net Import	Business
Victory Nickel, Inc.	Business
Nickel	Chemistry
Nematic Isotropic	Chemistry
Niel I	Community
Network Interface	Computer and Networking
National ISDN	Computer and Networking
Not Initialized	Computer Assembly Language
No Interface	Computer Hardware
Non-interlaced	Computer Hardware
Nord Invasion	Computer Technology
Non Indexed	Computing
Next Intel	Computing
Nitrogen Injection	Earth Science
No Interleaving	Electronics
Non-inductive	Electronics
Non Inscrits	General
No Idea	General
Natural Inform	General
Not Illustrated	General
No Index	General
No Information	General
NI is	General
Normal Incidence	General
Native Image	General
Nutritional Info	General
Net Income	General
Named Insured	General
Natural Interaction	General
Non Induced	General
National Instructor	General
Non Infected	General
Nebula Interface	General
Ng In	General
Not Interesting	General
Nerdy Individual	General
New Imperium	General
National Income	Governmental
North Island	Governmental
No Issue	Governmental
New Issue	Governmental
Non-Informative	Governmental
NAE, Inc.	Governmental
Non-Indian	Governmental
Notoriety Index	Governmental
Native Indian	Governmental
Not Important	Governmental
Not Identical	Governmental
NAYDONGRI	Indian Railway Station
National Instruments	Information Technology
Novus Imperium	International
Not Interested	Jobs
Number of Inhomogeneities	Maths
Number of Intervals	Maths
Non-inversed	Maths
Negative Infimum	Maths
Neural Invasion	Medical
Neuraminidase Inhibition	Medical
Neurogenic Inflammation	Medical
neuroimaging	Medical
neurointermediate	Medical
Neurologic Impairment	Medical
Neurologic Improvement	Medical
Neurologically Impaired	Medical
Neurologically Intact	Medical
Neutralization Index	Medical
nicotine	Medical
nifedipine	Medical
nimesulide	Medical
Nitrogen Index	Medical
Nitrogen Intake	Medical
Noise Index	Medical
Non-Invasive	Medical
nonischemic	Medical
Nosocomial Infection	Medical
Not Isolated	Medical
Nuclear Inclusion	Medical
Nuclear Index	Medical
Nucleus Intercalatus	Medical
Nucleus Interpositus	Medical
Nursing Informatics	Medical
Nutritional Index	Medical
Introverted iNtuition	Medical
Near Inclusion	Medical
New Instructions	Medical
Not Identified	Medical
Name Identity	Medical
Narcotrend Index	Medical
National Indicator	Medical
Natural Immunity	Medical
necroinflammatory	Medical
Necrosis Index	Medical
Negative Ion	Medical
neointima	Medical
Neostriatum Intermedium	Medical
Not In	Messaging
National Identification (number)	Military and Defence
Noted Item	Military and Defence
Native Infantry	Military and Defence
New Information	Military and Defence
Non Inferiority	Military and Defence
Naval Interdiction	Military and Defence
Node Interface	Networking
Not-inside	Networking
Northern Ireland	Regional