Pension News - Deadline for voluntary National Insurance contributions extended to April 2025

The government have announced that it is giving people more time to pay National Insurance contributions towards their State Pension.

Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension - an extension of nearly 2 years.

Extending the voluntary National Insurance contributions deadline until 2025 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 31 July 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. The revised deadline is expected to enable tens of thousands more to do the same.

You can find out more about this here: https://bit.ly/3Kfa0lT

The government is also pushing an initiative on Pension Credit. You could be entitled to this without being aware - and it’s worth an average of £3500 a year. You could also get help with heating bills, council tax and more, plus Cost of Living Payments.

Here are some handy videos with further details: