Since last April, individuals addressing gaps in their National Insurance contributions (NICs) have added £35 million to their State Pensions, according to HMRC. More than 37,000 online payments have been made, covering 68,673 years of contributions. The average online top-up payment is £1,835, with the largest weekly State Pension increase reaching £113.76. HMRC also reports that 65% of the topped-up years relate to 2017 and beyond.
HMRC and the Department for Work and Pensions (DWP) are reminding customers that they have until 5 April to check their NICs record and fill any gaps from 6 April 2006 onwards.
Starting 6 April 2025, individuals will only be able to make voluntary National Insurance contributions for the previous six tax years, aligning with regular time limits.
HMRC advises using the “Check your State Pension forecast” service on GOV.UK, the fastest and easiest way to determine if action is needed. The HMRC app can also be used for this purpose.
Angela MacDonald, HMRC’s Second Permanent Secretary and Deputy Chief Executive, said:
“There are just two months left to check and fill any gaps in your NICs record from 2006 onwards to boost your State Pension entitlement. Don’t delay – it’s quick and easy to check your NICs record on GOV.UK, and it could benefit your finances in retirement.”
Info obtained Here
