The government has decided to extend the voluntary National Insurance deadline to help taxpayers increase the amount they receive in State Pensions.
There were concerns raised back in March which resulted in the deadline being extended to the 31st of July 2023.
However, this has been extended for a second time meaning that people now have until the 5th of April 2025 to fill gaps in their National Insurance record.
This will benefit employed workers with low earnings, those who are unemployed and not claiming benefits, self-employed workers who did not pay contributions due to small profits and those living or working outside of the UK.
The government explains that this extended deadline will result in people having 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.
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.”
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