Deadline for voluntary National Insurance contributions extended to April 2025
Posted 14/06/2023
Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension – an extension of nearly two years – the government have recently announced.
Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying voluntary contributions is right for them and ensures no-one need miss out on the possibility of boosting their State Pension entitlements.
The original deadline was extended to 31 July 2023 earlier this year.
Paying voluntary contributions does not always increase your State Pension. Before starting the process, eligible individuals with gaps in their National Insurance record from April 2006 onwards should check whether they would benefit from filling those gaps.
Our earlier Practice News post explains the steps to take to check if you would benefit from filling in any contribution gaps: https://www.h-m.co.uk/news/practice-news/less-than-6-weeks-left-to-boost-your-state-pension/
For further updates, please follow us at:
Linked In https://www.linkedin.com/company/accountants-congleton-cheshire