The government has extended the voluntary national insurance deadline to give taxpayers more time to fill gaps in their contributions and boost their state pensions.
The extension comes after members of the public voiced concerns over the previous deadline of 5 April 2023.
As part of transitional arrangements to the new state pension, taxpayers have been able to make voluntary contributions to any incomplete years in their national insurance record between April 2006 and April 2016. After an increase in customer contact, the government has extended the deadline to 31 July 2023 to ensure people have time to make their contributions.
The extension of the deadline was announced via a written Ministerial Statement, and HMRC is urging taxpayers to ensure they do not miss out.
Individuals with gaps in their national insurance record from April 2006 onwards now have more time to decide whether to fill the gaps to boost their new state pension. Any payments made will be at the lower 2022-2023 tax year rates.
If you would like to discuss how this will affect you, please get in touch with us by calling 0115 928 3228 or by emailing info@coalesco.co.uk.
