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Jargon Buster



Results for letter: N


NASDAQ

The index of the leading technology stocks in the USA.

NATIONAL INSURANCE

Payments made out of earnings by employees, employers and the self-employed to the government. Paying National Insurance contributions (NIC’s) entitles you to a state pension and other benefits.

NATIONAL INSURANCE REBATE

The amount by which employers and employees' National Insurance Contributions are reduced for employees who are contracted-out of SERPS (now replaced by S2P) and who join an occupational pension scheme. Alternatively, it is the payment made by the Department of Work and Pensions as minimum contributions to a personal pension scheme.

NEGATIVE EQUITY

If the market value of your house is less than the amount you owe on your mortgage, you are said to have negative equity.

NET YIELD

The return on an investment after tax has been deducted.

NEST (NATIONAL EMPLOYMENT SAVINGS TRUST)

The National Employment Savings Trust (NEST) is a defined contribution workplace pension scheme in the UK. It was set up to facilitate automatic enrolment as part of the government's workplace pension reforms under the Pensions Act 2008.

NS&I (NATIONAL SAVINGS AND INVESTMENTS)

A part of the Exchequer, a savings scheme for small investors including savings certificates and premium bonds.

NHS (NATIONAL HEALTH SERVICE)

The NHS stands for the National Health Service, which provides healthcare for all UK citizens based on their need for healthcare rather than their ability to pay for it. It is funded by taxes.

NET INCOME

How much of your income you keep after paying your bills.

NATIONAL INSURANCE CONTRIBUTIONS

Automatically deducted from your salary while you are working in the UK. To qualify for a state pension you need to have been making these contributions for a minimum number of years.

NATIONAL INSURANCE CREDITS

People who missed years of National Insurance contributions because they were claiming certain benefits, or caring for a child under 12 are entitled to credits, which count towards their years of contributions.

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