People have until April 5 to plug National Insurance gaps going back as far as 2008.
HM Revenue and Customs has announced that more than 10,000 payments worth £12.5 million have been made through the new digital service to boost people’s State Pension s since it launched in April. People have less than six months left to fill any gaps in their National Insurance records going back as far as 2006 to maximise their State Pension in retirement.
Men born after April 6, 1951 and women born after April 6, 1953 are eligible to make voluntary NI contributions to boost their New State Pension. Latest State Pension Updates Pensions Minister Emma Reynolds said: “We want pensioners of today and tomorrow to enjoy the dignity and support they deserve in retirement.
“Plugging gaps can be quite an expensive process, so it is important to assess whether you actually need to buy back any missing years. This will depend on how many more years you plan to work, and whether you are eligible for NI tax credits, which fill the gaps, such as those who have been sick, were unemployed or took time out to raise a family or care for elderly relations.
“A short survey assesses the person’s suitability to pay online with those eligible to pay directly given a series of options to plug any gaps depending on when someone wants to stop working. “Remember, this deadline has been extended a couple of times in the past, which makes it more likely the Government will stick to the April cut-off point this time around. For this reason, those that think they might need to take action should start the process now.”
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