Lanarkshire taxpayers now have until April 5, 2025, to fill gaps in their National Insurance record from April 2006 that may increase their State Pension after the UK Government announced the near-two-year extension.
The deadline move 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 July 31, 2023, earlier this year, and tens of thousands of people have taken advantage to pay voluntary contributions to HM Revenue and Customs (HMRC) since then, with the revised deadline expected to enable tens of thousands more to do the same.
Victoria Atkins, financial secretary to the Treasury, said: "People who have worked hard all their lives deserve to receive their State Pension entitlement, and filling gaps in National Insurance records can make a real difference.
“With the deadline extended, there is no immediate rush for people to complete gaps in their record and they will have more time to spread the cost.”
Laura Trott, minister for pensions, Department for Work and Pensions, added: "I am pleased to see so many people taking steps to review their State Pension, which is why we have extended the deadline for customers to add extra years to their National Insurance record.
“This extension means thousands more people will have time to check their entitlement, and in many cases, increase the amount they receive when they retire.”
All relevant voluntary National Insurance contributions payments will be accepted at the rates applicable in 2022 to 2023 until April 5, 2025.
Lanarkshire residents who are planning for their retirement could benefit from the opportunity to complete gaps in their National Insurance record.
Other people who could benefit include those who may have been employed but with low earnings; unemployed and not claiming benefits; self-employed who did not pay contributions because of small profits; or living or working outside of the UK.
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.
They can find out how to check their National Insurance record, obtain a State Pension forecast, decide if making a voluntary National Insurance contribution is worthwhile for them and their pension, and how to make a payment via GOV.UK.
And taxpayers can check their National Insurance record through their Personal Tax Account.
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