Government Extends National Insurance Deadline to Boost Your State Pension
The government has pushed back the voluntary National Insurance (NI) contribution deadline to 31 July 2023. This extra time helps taxpayers fill gaps in their NI record and boost their future State Pension.
Deadline Delay After Public Outcry
Originally set for 5 April 2023, the deadline was extended following concerns from the public. The update was announced in a Written Ministerial Statement on 7 March 2023. HM Revenue and Customs (HMRC) is urging everyone to act before the new cut-off.
Who Can Benefit? What You Need to Know
- If you have missing NI contributions dating from April 2006 onwards, you now have more time to pay voluntary contributions at the 2022–2023 tax year rates.
- The scheme allows you to fill gaps between April 2006 and April 2016, which can increase your new State Pension.
- Thousands could be better off in retirement by topping up these incomplete years.
Official Statement & How to Check Your NI Record
Victoria Atkins, Financial Secretary to the Treasury, said: “We’ve listened to concerned members of the public and have acted. We recognise how important State Pensions are for retired individuals, which is why we are giving people more time to fill any gaps in their National Insurance record to help bolster their entitlement.”
Eligible taxpayers can 123 is worthwhile. Payments can be made easily through GOV.UK.
Don’t miss out on boosting your pension – act before 31 July 2023!
