Extension to top up Class 3 NIC
Every year, newly retired people realise that they will be paid much less than they are expecting via their State Pension. This may be due to gaps in their National Insurance Record.
You are currently able to plug any gaps dating back to 6 April 2006 by paying additional National Insurance. The ability to make a one-off payment to cover the shortfall was due to close on 6th April 2023, however the government has since extended this cut-off date twice, with the current deadline now being 5th April 2025.
Since 2016, when you reach the State Pension Age you will need 35 full years of National Insurance Contributions to benefit from the maximum state pension. To receive any state pension, you will need at least 10 full years of National Insurance Contributions.
It is really important to review your position and see whether there are any gaps in your National Insurance Record. It will give you an idea how much you will receive from your State Pension. You can review your record by accessing your own Government Gateway account.
If you have any questions regarding National Insurance Contributions, please don’t hesitate to contact us.