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NIC Category Letters BrightPay Documentation . Where the cy tax code has multiple benefits only one will be carried forward to the cy tax code, see paye13055. Benefit nib abbreviation meaning defined here. Worried About Your Tax? London South Bank University UNISON from www.lsbunison.org.uk Secondary tax code for the second source of income. What does nib stand for in benefit? The benefits are paid in respect of sickness, maternity,.