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Banks do need it when applying for some accounts in the UK, in particular ISAs because of the tax implications. I've also had it requested by a share broker. A
by xioxox 9y ago
Banks do need it when applying for some accounts in the UK, in particular ISAs because of the tax implications. I've also had it requested by a share broker. A list of places that use it is here:
https://www.gov.uk/national-insurance/your-national-insurance-number https://www.gov.uk/national-insurance/your-national-insuranc... Note the pages says: "To prevent identity fraud, keep your National Insurance number safe. Don’t share it with anyone who doesn’t need it." !
- benaadams 9y agoYou need it so they can report it to HMRC who use it as an identifiter for tax contributions